Vingroup, VinFast sign MoU with top firms in Middle East
Vingroup and its subordinate automaker VinFast signed Memoranda of Understanding (MoU) on cooperation with four leading companies in the Middle East on October 29 during Prime Minister Pham Minh Chinh’s official visit to the UAE.
Vingroup Vice Chairpersons Le Thi Thu Thuy and Nguyen Viet Quang (third and fourth from left) with Middle Eastern partners at the MOU signing ceremony. (Photo: Vingroup)
Hanoi (VNA) - Vingroup and its subordinate automaker VinFast signed Me🉐moranda of Understanding (MoU) on cooperation with four leading companies in the Middle East on October 29 during Prime Minister Pham Minh Chinh’s official visit to the UAE.
These MoU cover cooperation in maritime development and shipbuilding, sustainable exploitation of marine land, digital transformation, and electric vehicles and green transport.
Vingroup signed the MoU with AD Ports Group - a UAE port and logistics developer, NMDC - a marine infrastructure company, and Benya Technologies - a provider of digital and ICT solutions.
Meanwhile, VinFast signed the MoU with Emirates Driving Company (EDC) for collaboration in electric vehicles and driver training.
The MoU with AD Ports Group will focus on enhancing Vingroup’s shipbuilding, shipping and port service capabilities in Vietnam, while NMDC will assist Vingroup in coastal projects on sustainable real estate development.
Benya and Vingroup will jointly explore the possibility of developing a big data centre and its technical, electrical and water infrastructure with a combined investment of 3.5 billion USD. The data centre, expected to be developed in three stages, will meet digital infrastructure needs of both domestic and international firms and contribute to local socio-economic development.
Meanwhile, EDC will collaborate with VinFast in electric vehicle development and contribute expertise in driving safety training in Vietnam. EDC will also lead a joint venture to invest in VinFast./.
Prime Minister Pham Minh Chinh attended a ceremony to launch Vinfast vehicles in the United Arab Emirates (UAE) on October 27 as part of his official visit to the Middle East country.
Automaker VinFast, a subsidiary of conglomerate Vingroup, has announced it delivered more than 9,300 cars to customers in September, securing the leading position in the Vietnamese automobile market in the month.
Vietnamese electric vehicle (EV) maker VinFast Auto on July 15 began work on its new EV assembly plant in Subang city, West Java province of Indonesia.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
