Los Angeles International Port - USA cooperates with US - Vietnamese investors to implement Nam Do Son Port project in Hai Phong

As part of the series of activities within the framework of the Asia-Pacific Economic Cooperation (APEC) 2023 Summit Week from November 14-17, witnessed by President Vo Van Thuong, ministries, departments, branches and the Los Angeles city government, in San Francisco, USA, an important signing ceremony took place between the Port of Los Angeles with Hai Phong city and a consortium of American and Vietnamese investors including: Saigon Telecommunication Technology Joint Stock Company (Saigontel) and Energy Capital Vietnam Company (ECV).

Hai Phong City leaders and Saigontel - ECV investor group work at Los Angeles Port

Infrastructure always plays a particularly important role, is the foundation of socio-economic development, the more developed the economy, the higher the demand for infrastructure development. That is the product of the investment process that creates the foundation for the comprehensive development of a society. In the development of infrastructure in Vietnam, seaports play a very important role as the driving force for the development of the marine economy in particular, the country's economy in general. This is the gateway for import and export trade, the focal point for converting sea transport to rail, road, and inland waterway transport.

Hai Phong City leaders and Saigontel - ECV investor group work at Los Angeles Port

In the United States, the Port of Los Angeles - United States (POLA), also known as the Los Angeles International Port, is a US government seaport complex that first opened in 1907. With an annual cargo volume of 9.3 million TEUs and an area of ​​up to 7,500 acres (3,000 ha) and 43 miles (69 km) of waterfront, the Port of Los Angeles is the largest seaport in the United States. The port is located on San Pedro Bay, about 20 miles (32 km) south of downtown Los Angeles. The Port of Los Angeles borders the Port of Long Beach, which employs more than 16,000 people. The Port of Los Angeles has a total of 80 wharfs and container terminals, including the largest container wharf in the US, APM Terminals Pier 400. The Port of Los Angeles serves as a gateway for goods to and from the Pacific Coast countries. Cooperation with the Port of Los Angeles creates great opportunities for partners in the operation and exploitation of seaports.

Hai Phong City leaders and Saigontel - ECV investor group work at Los Angeles Port

As part of the series of activities within the framework of the Asia-Pacific Economic Cooperation (APEC) 2023 Summit Week from November 14 to 17, witnessed by President Vo Van Thuong, ministries, departments, branches and the Los Angeles City Government, in San Francisco, USA, an important signing ceremony took place between the Port of Los Angeles with Hai Phong City and a consortium of US and Vietnamese investors including Saigon Telecommunication Technology Joint Stock Company (Saigontel) and Energy Capital Vietnam Company (ECV). The parties agreed to cooperate, collaborate and share best practices in developing the Nam Do Son general port such as investment opportunities, administrative reforms, and information exchange to ensure sustainability for international seaports. In addition, promoting each party's common priorities on investment and sustainable financial management, prioritizing environmental sustainability and operational efficiency with the Nam Do Son Port Project. The parties plan to develop and build a green transport corridor between POLA and Nam Do Son port to support future trade routes.

Hai Phong City leaders and Saigontel - ECV investor group work at Los Angeles Port

Immediately after the signing ceremony, the Hai Phong City delegation led by Comrade Le Tien Chau, Member of the Party Central Committee, Secretary of the Hai Phong City Party Committee, visited, surveyed experiences and worked with the Los Angeles International Port - USA. At the meeting, the parties shared experiences in managing and exploiting seaports as well as visions and orientations for seaport development in the future.

Hai Phong City leaders and Saigontel - ECV investor group work at Los Angeles Port

Cooperating with the US Government's leading and prestigious partners in port infrastructure brings expectations for the development and transformation of Hai Phong into a highly developed city among the leading cities in Asia and the world, as per the master plan of Hai Phong city to 2040, with a vision to 2050, approved by the Prime Minister, and further enhancing the cooperative relationship between Vietnam and the US after the two countries established a Comprehensive Strategic Partnership for peace, cooperation and sustainable development.

Saigon Telecommunication Technology Joint Stock Company - SAIGONTEL   is a member of Saigon Invest Group - Vietnam's leading investment group in developing industrial - urban - service complexes and attracting FDI into Vietnam. SAIGONTEL focuses on developing in the fields of industrial real estate (high-tech parks, industrial parks, industrial clusters) and infrastructure (transportation, seaports, etc.); investing and developing urban areas adjacent to industrial parks, social housing projects. In major cities, SAIGONTEL owns many commercial high-rise land funds with prime locations that are currently being deployed and will soon be put into operation in the future. In addition, SAIGONTEL provides a variety of services to meet the diverse needs of customers and the market such as: green growth, renewable energy, tourism - entertainment complexes, resorts and high-tech and innovation fields encouraged by the Vietnamese Government.

Energy Capital Vietnam - ECV (headquartered at Pennzoil Place, 700 Milam, Suite 1300, Houston, Texas, USA) is a private investment and fund management company specializing in developing and arranging capital for infrastructure, energy, and commercial real estate projects in the United States, North America, and Asia. ECV is a strategic partner of many large banks, investment funds, and other family investment funds. With its capacity, experience, and reputation, it is capable of creating suitable investment models for each project in Vietnam.

Vnews

source: https://vnews.gov.vn/news/cang-quoc-te-los-angeles-hoa-ky-hop-tac-voi-nha-dau-tu-my-viet-trien-khai-du-an-cang-nam-do-son-tai-hai-phong-101928.htm