Vingroup and Mitsubishi Corporation sign comprehensive strategic cooperation to promote business activities

On March 26, 2024, Vingroup Corporation announced the signing of a Memorandum of Understanding (MoU) for strategic cooperation with Mitsubishi Corporation in the fields of urban and infrastructure development and other fields. With the strength of both being leading multi-industry corporations, close cooperation will help the two sides exploit each other's strengths, thereby achieving breakthrough successes in the new development stage. Specifically, in the field of urban and infrastructure development, the two sides continue to cooperate to create green, smart urban areas with synchronous utilities. Previously, Mitsubishi Corporation also signed a strategic cooperation agreement with Vinhomes - a member company of Vingroup Corporation in the real estate sector to develop urban projects in Hanoi and Ho Chi Minh City, bringing to the real estate market in Vietnam high-class urban areas that meet international standards. Sharing the aspiration for a sustainable development future, for a better life for everyone, Vingroup and Mitsubishi Corporation will promote technological applications for recycling, using energy and environmentally friendly materials, thereby increasing the positive contributions of enterprises to the community. In addition, the two sides will research to continue cooperation in other potential fields, with the motto of maximizing the strengths of each side, developing together. Sharing about the cooperation, Mr. Nguyen Viet Quang, Vice Chairman of the Board of Directors and General Director of Vingroup Corporation said: “Vingroup is always a pioneer in bringing to the market products and services according to international standards and completely new experiences, modern lifestyles. The cooperation with Mitsubishi Corporation not only contributes to strengthening the strength of Vingroup's brand ecosystem, but also brings customers and consumers optimal and convenient shopping solutions, thereby raising the quality of life of Vietnamese people to a new level". Vingroup is a leading multi-industry private economic group in Vietnam, operating mainly in three key areas: Technology - Industry, Trade - Services and Social Charity. Currently, Vingroup and its member companies have built a system of production and business facilities covering all provinces/cities in Vietnam and in a number of countries around the world (North America, Europe, Southeast Asia). Grasping potential investment and business opportunities with the motto of connecting global intelligence, Vingroup has been and will cooperate with the world's leading corporations and companies to constantly innovate, create, and create an ecosystem of high-class products and services, contributing to improving the quality of life for everyone and raising the position of Vietnamese brands in the international market. Mitsubishi Corporation is a global business group, conducting business activities through a global network of about 1,700 companies in the group. Three corporate principles - Corporate Social Responsibility; Honesty and Fairness; and Global Understanding through Business - has been Mitsubishi Corporation's core philosophy since its founding, providing the basis for the company to continuously improve its economic, environmental and social responsibilities worldwide.

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