During an official visit to the United Arab Emirates (UAE), Vietnamese Prime Minister Pham Minh Chinh witnessed the signing of Memoranda of Understanding (MOU) between Vingroup, VinFast and leading partners in the Middle East. These MOUs cover strategic areas, including maritime development and shipyard construction capabilities, sustainable coastal land utilization, digital transformation and collaboration on electric vehicles and green transportation. The simultaneous signing between Vingroup, VinFast and the four leading companies not only fosters business connections between Vietnam and the UAE, but also reaffirms Vingroup’s established capabilities and its position in the former’s key investment sectors.
In the presence of Prime Minister Pham Minh Chinh at the Vietnam-UAE Business Forum, Vingroup signed MOUs with three partners: AD Ports Group, NMDC and Benya Technologies, while VinFast signed an MOU with Emirates Driving Company (EDC). The partnerships will focus on four strategic areas.
In maritime logistics, AD Ports Group, one of the UAE’s leading port management and logistics development companies, will investigate opportunities to collaborate with Vingroup in jointly developing shipyard construction capabilities, logistics ecosystems and maritime port operations. This partnership aims to advance logistics modernization and manufacturing in Vietnam.
Under the MOU, Vingroup will evaluate which potential projects could be secured for development, where it could oversee construction, provide essential infrastructure and collaborate with local partners.
For its part, AD Ports Group will manage the operational aspects of the projects and establish contacts with international clients.
For the sustainable development of the coastline, Vingroup and NMDC, a leader in coastal infrastructure and coastal protection, will explore cooperation in several areas, such as a project to recover 150 million cubic meters of coastal land for urban development, large-scale coastal recovery scale for industrial and real estate purposes, sustainable coastal protection for high-end real estate and other coastal-related projects.
VinFast officially launches in the Middle East
Vingroup will lead the development of high-level real estate and urban projects, while NMDC will provide advanced technical solutions to improve sustainability and minimize the impact on marine ecosystems.
Once operational, these projects are expected to create thousands of local jobs, boost the economic development of coastal areas and significantly contribute to Vietnam’s tourism and coastal services sectors.
In digital transformation, Vingroup and Benya Technologies, representing a group of Middle East and African investors exploring investment opportunities in Vietnam, will assess the feasibility and develop plans for several projects, including a hyperscale data center and technical infrastructures , energy and related water treatment. The total investment is estimated at 3.5 billion dollars.
The hyperscale data center project will be developed in three phases, reaching an estimated capacity of 300 MW, with the aim of meeting both national and international digital infrastructure needs and contributing to local social and economic development.
In addition, VinFast, a subsidiary of Vingroup, signed a Memorandum of Understanding with Emirates Driving Company (EDC), Abu Dhabi’s leading driver training and road safety institute, focusing on electric vehicles, driver training in Vietnam and investment to support Abu Dhabi’s industrial sector.
For sustainable coastal development, Vingroup and NMDC, a leader in coastal infrastructure and coastal protection, will explore cooperation in several areas
Under this agreement, EDC will lead a consortium that will invest in VinFast. In addition to gaining access to financing, VinFast will benefit from EDC’s expertise in driver training and road safety, supporting the development of a global electric vehicle ecosystem.
This partnership aims to enhance global production of electric vehicles, meet the growing demand for green transportation, raise awareness of road safety and reaffirm EDC’s commitment to contributing to the green transportation revolution in the Middle East by addressing environmental challenges. and climatic.
The four areas in which Vingroup and VinFast signed MoUs with leading UAE companies build on Vietnam’s inherent advantage, which lies in its marine economy, while maximizing Vingroup’s proven strengths in urban development, tourism, logistics of services, technology and industry. These favorable conditions for cooperation provide a solid foundation for the future success of these Memorandums of Understanding, helping to ensure a lasting connection between companies from both nations.
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