Bid to develop ports, logistics and maritime sectors in Vietnam
Vingroup, one of Vietnam’s leading private companies, and the AD Ports Group recently signed today a Memorandum of Understanding (MoU) to explore jointly developing and modernising ports, logistics and maritime infrastructure in Vietnam.
The MoU will investigate opportunities to collaborate in the joint development of integrated logistics ecosystems, seaport operations and shipyards to strengthen Vietnam’s logistics and manufacturing sectors, helping to position the country as an emerging trade hub in regional and global supply chains.
Under the terms of the MoU, Vingroup will assess which potential projects could be secured for development, where it could oversee construction, provide essential infrastructure, and engage with local partners.
Potential partnership
Together, Vingroup and AD Ports Group will work toward leading efforts to arrange funding for projects, and toward potential partnership that could drive modernisation in Vietnam’s logistics and manufacturing sectors, fostering trade efficiency, operational interconnectedness, and creating thousands of jobs to benefit the local economy.
“This collaboration aligns with Vingroup’s commitment to national development and represents a significant step toward establishing Vietnam as a strong player in global logistics,” commented Le Thi Thu Thuy, Vice Chairwoman, Vingroup.
“We are excited about the possibility of working with Vingroup to help modernise the nation’s ports, maritime and logistics infrastructure, while boosting Vietnam’s role as an international trade hub,” remarked Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
