The Mekolor (Vietnam) and Great USA (US) alliance has just proposed investing 100 billion USD to build the North-South high-speed railway line with its own capital, without needing financial support, guarantees or privileges from the Government .

The project is committed to be completed within 5 years from the date of clearing the land, with an exploitation period of 49 years. The alliance will arrange 10 billion USD for compensation, resettlement and 100% free tickets for the first 6 months of exploitation.

Mekolor-Great USA affirms compliance with international standards, comprehensive technology transfer, using 95% of Vietnamese labor force and cooperating with domestic manufacturers. The alliance wishes to enjoy investment, tax and urban exploitation incentives along the railway route.

Mekolor is a joint stock company in Vietnam, established in 2016, with the main business of organizing trade introduction and promotion. Mekolor Joint Stock Company is headquartered in Ninh Kieu district, Can Tho city, with Mr. Vo Xuan Truong as the legal representative.

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In 2018, Mekolor attracted domestic public attention with the “One Mekong One Meal - OMOM” initiative. Photo: MKL

In 2018, Mekolor attracted domestic public attention with the "One Mekong one Meal - OMOM" initiative proposed by Dr. Vo Xuan Truong - founder of Mekolor and Mr. Tran Cong Doan - CEO of Nha Am Group.

The project was born to establish a digital citizen platform ( Digital Citizen ), digital connection ( Digital Connecting Network ), digital assets ( Digital Asset ), smart digital health care ( Digital Smart Health Care )... on blockchain to create a smart digital social network platform ( Smart Digital Society Network Platform ).

The goal is to link the Mekong region's value chain, share benefits fairly, support multi-sector development such as agriculture, health, education, tourism... with an estimated financial resource of about 100 billion USD through corporate bonds and counterpart capital from economic organizations inside and outside the region...

OMOM plays a fundamental role in proposing the project “Cu Lao Gieng - Fairyland” (Mekolor Everland) of nearly 7,000 hectares in An Giang - expected to create a big economic boost for the Mekong Delta.

On the Instagram account “philipvo” there is also an unverified document, which is an open letter of investment cooperation from a consortium including Mekolor JSC and Great USA proposing to cooperate in investing in 4 major projects, including: 5-star Hotel Service Complex Project in Bao Loc, Dak Nong - Da Lat - Binh Thuan Connecting Road Project; Project to expand and upgrade the inter-provincial connecting passes of Dak Nong - Da Lat - Binh Thuan; Silicon Hiland Project - Innovation and Technology Center in Lam Dong.

The open letter refers to an account with an unrealistic balance of up to 78.5 trillion euros (equivalent to about 84.8 trillion USD). For comparison, the GDP of the entire United States is 28 trillion USD, and that of China is 18-20 trillion USD. The balance mentioned above is larger than the GDP of the United States, China and the EU combined.

Mekolor once attracted attention when it planned to hold an online international press conference to accuse the bank of misappropriating 10 billion euros and also sued a British company for 20 billion euros in compensation.

In 2021, Mekolor sued a British company at the International Court of Arbitration (ICC Paris), demanding compensation of 20 billion euros for violating its commitment to finance the project "Cu Lao Gieng Tourist Area - Fairyland" (Mekolor Everland) in An Giang.

The case, which involves multiple credit institutions and the SWIFT system, is being handled by the ICC and has not yet reached a final conclusion.

With such a “history,” the alliance’s high-speed rail investment proposal will need further scrutiny for its seriousness.

Another 'big guy' wants to build a $100 billion high-speed railway, with free tickets for 6 months and no special privileges . A member of this Alliance once caused a stir when he planned to hold a press conference accusing a domestic bank of misappropriating 10 billion Euros and sued a British company for 20 billion Euros in compensation.

Source: https://vietnamnet.vn/chan-dung-thanh-vien-on-ao-cua-lien-minh-muon-chi-100-ty-usd-lam-duong-sat-2409490.html