Vinhomes and Mitsubishi Corporation Sign MoU on Urban Infrastructure Cooperation

Vinhomes Joint Stock Company and Japan’s Mitsubishi Corporation have signed a memorandum of understanding on urban infrastructure cooperation, identifying housing, infrastructure and sustainable development as three priorities. The two companies aim to jointly develop urban projects with well-developed facilities and services and explore cooperation in related areas. The memorandum does not disclose specific projects or investment amounts.

The signing ceremony took place during a public-private forum on Vietnam–Japan economic and science and technology cooperation. The forum was jointly organized by the Vietnamese government and the Japan External Trade Organization during Tô Lâm’s visit to Japan from November 8 to 11. The original report does not specify the exact date of the signing.

Representatives of Vinhomes and Mitsubishi Corporation exchange the memorandum of understanding.（VietVance）

In housing, the companies plan to continue studying and developing urban projects and expand their cooperation into commercial property and mixed-use developments. In infrastructure, they intend to seek opportunities in logistics, industrial parks, data centers, artificial intelligence and digital technology. These areas of cooperation remain at the research and opportunity-seeking stage.

In sustainable development, the companies intend to promote green buildings, the use of renewable energy and access to green financing, in line with Vietnam’s goal of achieving net-zero emissions by 2050. Vinhomes CEO Nguyễn Thu Hằng said she hopes the cooperation will advance the development of modern, smart urban projects. The two companies began working together in 2019; Mitsubishi Corporation began investing in Vietnam in 1991.

Source: VietVance