MoU to explore development of Vietnam’s ports, logistics and maritime sectors
(Posted on 31/10/24)
Vingroup JSC, one of Vietnam’s leading private companies, and AD Ports Group, a diversified, global integrated trade, transport and logistics group, signed today a Memorandum of Understanding (MoU) to explore jointly developing and modernising ports, logistics and maritime infrastructure in Vietnam.
The MoU will investigate opportunities to collaborate in the joint development of integrated logistics ecosystems, seaport operations and shipyards to strengthen Vietnam’s logistics and manufacturing sectors, helping to position the country as an emerging trade hub in regional and global supply chains.
Under the terms of 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.
AD Ports Group, which is based in Abu Dhabi, has agreed to manage the operational aspects of the projects, while connecting with international customers to position Vietnam as an essential part of the global supply chain.
Together, Vingroup and AD Ports Group will work toward leading efforts to arrange funding for projects, and toward potential partnership that could drive modernisation in Vietnam's logistics and manufacturing sectors, fostering trade efficiency, operational interconnectedness, and creating thousands of jobs to benefit the local economy.
Ms. Le Thi Thu Thuy, Vice Chairwoman of Vingroup, said: “We are excited to be exploring ways to work alongside AD Ports Group to bring transformative logistics capabilities to Vietnam. 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. Vingroup’s 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, said: “Vietnam is one of the fastest-growing economies in Asia, with GDP forecast to continue rising in the next few years. We are excited about the possibility of working with Vingroup to help modernise the nation’s ports, maritime and logistics infrastructure, while boosting Vietnam’s role as an international trade hub. Under the vision of our wise leadership, AD Ports Group looks forward to extending its activities into Southeast Asia and helping Vietnam improve its interconnectivity with the global trade ecosystem.”
Latest News
ABL strengthens market value and global reach through TSA acquisition
(Posted on 30/07/25)Asian Bulk Logistics (ABL), has finalised its acquisition of Transhipment Services Australia (TSA),... Read more
Klaipeda Port leads Baltic States in cargo growth
(Posted on 21/07/25)In the first six months of this year, nearly 19 million tons of cargo were handled at Klaipeda Port.... Read more
Adam Bell named President of S.H. Bell Company
(Posted on 21/07/25)S.H. Bell Company, a trusted name in cargo handling, warehousing, and logistics for more than 90 years... Read more
Declining bulk traffic at Antwerp-Bruges in first half of 2025
(Posted on 15/07/25)In the first six months of 2025, the total throughput of Port of Antwerp-Bruges was 137.2 million tonnes... Read more
AD Ports MoU with Critical Minerals Forum to strengthen global supply chains
(Posted on 11/07/25)AD Ports Group, an Abu Dhabi based, leading enabler of global trade, logistics, and industry has announced... Read more
Long An International Port reaffirms commitment to green and sustainable development
(Posted on 10/07/25)Long An International Port has successfully concluded its participation at ASEAN Ports & Logistics... Read more
World’s first hybrid solar-powered inland shipping vessel
(Posted on 08/07/25)Dutch maritime solar innovator Wattlab has delivered a solar energy system for HGK Shipping’s... Read more
Euroports’ new long-term concession agreement with port of Venice
(Posted on 02/07/25)Euroports has announced the signing of a new long-term concession agreement between Terminal Rinfuse... Read more
Mike McCoshen sworn in as new GLS Administrator
(Posted on 26/06/25)J.M. (Mike) McCoshen has been sworn in as the twelfth Administrator of the U.S. Department of Transportation... Read more
Major leap forward for Port of Coeymans, USA
(Posted on 25/06/25)A 3000 Series E-Crane has been delivered to the Port of Coeymans, USA, a milestone for Carver Industries... Read more
