DUBAI -  During an official visit to the United Arab Emirates (UAE), Prime Minister Phạm Minh Chính witnessed the signing of key Memoranda of Understanding (MOUs) between Vingroup, VinFast and four major partners in the region.

Vice Chair of Vingroup, Le Thi Thu Thuy and  Nguyen Viet Quang (3rd and 4th from the left) with Middle Eastern partners at the MOU signing ceremony. — Photo courtesy of Vingroup

These agreements focus on strategic areas such as maritime development, sustainable land use, digital transformation and green transportation.

At the Vietnam-UAE Business Forum, Vingroup entered into MOUs with AD Ports Group, NMDC and Benya Technologies, while VinFast partnered with Emirates Driving Company (EDC).

The partnerships will focus on four strategic areas:

In maritime logistics, AD Ports Group, one of the leading port management and logistics development companies in the UAE, will investigate opportunities to collaborate with Vingroup in the joint development of shipyard building capabilities, logistics ecosystems, and seaport operations. This partnership aims to advance logistics modernisation and manufacturing in Việt Nam.

Under 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. Meanwhile, AD Ports Group will manage the operational aspects of the projects, while connecting with international customers.

For sustainable coastal land development, Vingroup and NMDC, a leader in coastal infrastructure and coastal protection, will explore cooperation in various areas, such as a project to reclaim 150 million cubic metres of coastal land for urban development, large-scale coastal reclamation for industrial and real estate purposes and sustainable coastal protection for high-end real estate.

Vingroup will take the lead in developing high-end real estate and urban projects, while NMDC will provide advanced technical solutions to enhance sustainability and minimise the impact on marine ecosystems.

Once operational, these projects are expected to create thousands of local jobs, boost economic development in coastal areas and contribute significantly to Việt Nam’s coastal tourism and services sectors.

In digital transformation, Vingroup and Benya Technologies, representing a group of investors from the Middle East and Africa exploring investment opportunities in Việt Nam, will assess feasibility and develop plans for several projects, including a hyper-scale data centre and related technical, power and water treatment infrastructure. The total investment is estimated at US$3.5 billion.

The hyper-scale data centre project will be developed in three phases, reaching an estimated capacity of 300 MW, with the aim of meeting both domestic and international digital infrastructure needs and contributing to local social and economic development.

Nguyen Viet Quang, Vice Chairman of Vingroup, and a representative of AD Ports Group exchange the MOU in the presence of Prime Minister Pham Minh Chinh. — Photo courtesy of Vingroup

These partnerships not only strengthen business ties between Việt Nam and the UAE but also highlight Vingroup’s capabilities in key investment sectors. The initiatives are expected to create jobs, enhance economic development and contribute to Việt Nam's coastal tourism and services. They position Việt Nam as a growing hub for digital infrastructure and green transportation in the region, aligning with global sustainability goals.

The collaborations reflect Việt Nam's strengths in marine economics and Vingroup's leadership in urban development and technology, setting a solid foundation for future success. — VNS