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Vietnam’s Vingroup has signed a memorandum of understanding (MoU) with AD Ports Group to explore collaborative opportunities aimed at developing and modernising the ports, logistics, and maritime infrastructure in Vietnam.
The newly signed MoU outlines a strategic partnership focused on creating integrated logistics ecosystems, enhancing seaport operations, and advancing shipyard capabilities.
This initiative seeks to bolster Vietnam’s logistics and manufacturing sectors, positioning the nation as a key trade hub within both regional and global supply chains.
As part of the agreement, Vingroup will identify potential projects for development, overseeing construction and infrastructure requirements while collaborating with local partners.
Meanwhile, AD Ports Group will manage the operational aspects of these projects and connect with international clients, further establishing Vietnam’s vital role in global logistics.
Building Vietnam’s logistics sector
The collaboration aims to secure funding for these initiatives, ultimately driving modernisation in Vietnam’s logistics and manufacturing sectors.
This partnership is expected to enhance trade efficiency, improve operational interconnectedness, and create thousands of job opportunities, significantly benefiting the local economy.
Ms. Le Thi Thu Thuy, vice chairwoman of Vingroup, expressed enthusiasm for the partnership, stating, “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. Our projects consistently meet or exceed timelines and quality standards, setting new benchmarks for the market.”
Captain Mohamed Juma Al Shamisi, managing director and group CEO of AD Ports Group, highlighted Vietnam’s growth potential, remarking, “Vietnam is one of the fastest-growing economies in Asia, with GDP projected to rise steadily in the coming years.
“We are excited about the possibility of collaborating with Vingroup to modernise the nation’s ports, maritime, and logistics infrastructure while enhancing Vietnam’s position as an international trade hub.”
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