On 26/03/2024, Vingroup announced the signing of a Memorandum of Understanding (MoU) for strategic cooperation with Mitsubishi Corporation in various sectors, including urban development & infrastructure and other business areas. Leveraging the strengths of both leading diversified corporations, this close collaboration aims to exploit each others capabilities to achieve significant breakthroughs in the new phase of development.
Specifically, in the field of urban development and infrastructure, the two parties will continue working together to create green, smart, and integrated urban areas. Mitsubishi Corporation previously signed a strategic cooperation agreement with Vinhomes, a subsidiary of Vingroup, in the real estate sector, developing high-standard urban projects in Hanoi and Ho Chi Minh City and has set a new benchmark for the real estate market in Vietnam.
With a shared vision for a sustainable future and a commitment to the improvement of the quality of life for everyone, Vingroup and Mitsubishi will employ new and innovative technologies for recycling with environmentally friendly materials, contributing positively to the community.
Additionally, both parties will explore potential collaborations in other promising sectors, maximizing the strengths of each side for mutual development.
Nguyen Viet Quang, Vice Chairman of the Board of Directors and CEO of Vingroup, shared his thoughts on the collaboration: "Vingroup is a pioneer in bringing international standards and entirely new experiences to the market, offering modern lifestyles. The collaboration with Mitsubishi Corporation will not only reinforce the strength of Vingroups brand ecosystem but also provide customers and consumers with optimal and leading shopping solutions, thereby elevating the quality of life for the Vietnamese."
Vingroup is a leading diversified private economic group in Vietnam, operating primarily in three key sectors: Technology-Industry, Trade-Service, and Social Responsibility. Currently, Vingroup and its member companies have built production and business systems covering various provinces/cities in Vietnam and some countries worldwide (North America, Europe and Southeast Asia). Seizing potential investment and business opportunities and with a global intelligence connectivity philosophy, Vingroup has, is, and will continue to collaborate with leading global corporations to innovate, create a high-quality ecosystem of products and services, contributing to enhancing the quality of life for everyone and elevating the position of the Vietnamese brand in the international market.
Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses together with its global network of around 1,700 group companies. The Three Corporate Principles - Corporate Responsibility to Society; Integrity and Fairness; and Global Understanding Through Business - have served as Mitsubishi Corporations core philosophy since the company’s inception to continually improve the way to address the economic, environmental, and social responsibilities around the world.
