Ho Chi Minh Times

Saturday, Nov 02, 2024

Vingroup and VinFast Sign Strategic MOUs with Middle Eastern Partners

Agreements aim to enhance maritime development, sustainable land use, digital transformation, and green transportation
During an official visit to the United Arab Emirates (UAE), Vietnamese Prime Minister Pham Minh Chinh witnessed the signing of memoranda of understanding (MOUs) between Vingroup, VinFast, and leading Middle Eastern partners. The MOUs cover strategic areas including maritime development, shipyard capabilities, sustainable coastal land utilization, digital transformation, and collaboration in electric vehicles and green transportation.

Vingroup signed MOUs with AD Ports Group, NMDC, and Benya Technologies, focusing on maritime logistics, sustainable coastal development, and digital transformation projects such as a hyper-scale data center with an estimated investment of $3.5 billion. VinFast, a subsidiary of Vingroup, signed an MOU with Emirates Driving Company (EDC) to collaborate on electric vehicles, driver training in Vietnam, and investment to support Abu Dhabi's industrial sector.

These partnerships aim to promote technology, infrastructure, and green economy development in Vietnam, strengthening business connections between Vietnam and the UAE. Vingroup's Vice Chairwoman, Ms. Le Thi Thu Thuy, expressed confidence that the collaborations would contribute to sustainable development and improved quality of life in Vietnam.

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