Abu Dhabi, UAE – 3rd December 2023: AD Ports Group (ADX: ADPORTS), one of the world’s leading facilitators of global trade, logistics, and industry, and the Vietnam Maritime Administration (VINAMARINE), a government authority managed by the Ministry of Transport of Vietnam, have today announced the signing of a Memorandum of Understanding (MoU), which would pave the way for a dynamic partnership focused on bolstering commercial opportunities across various sectors, including ports, logistics, digital solutions, economic cities, free zones, maritime and shipping.
The MoU was signed in the presence of Pham Minh Chinh, Prime Minister of Vietnam and H.E Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, by Mohamed Eidha Al Menhali, Regional CEO of AD Ports Group and Mr. Hoang Hong Giang, Deputy Administrator of Vietnam Maritime Administration.
Under the terms of the agreement, both entities would focus on key areas of cooperation, including the development and management of dry ports and inland container depots in addition to advanced logistics operations and digital solutions to enhance global maritime and shipping sectors. Both parties have also agreed to explore further collaborative projects in economic cities and free zones.
This collaboration reflects a strategic alignment between AD Ports Group’s renowned expertise in developing and managing world-class ports and logistics infrastructures and VINAMARINE's commitment to fostering growth in Vietnam's maritime sector. Furthermore, the MoU encompasses a range of initiatives aimed at leveraging the strengths of both parties, fostering technological exchange, and promoting sustainable economic growth in both the United Arab Emirates and Vietnam.
A joint working group would be established to oversee the implementation of the project, focusing on the development of initiatives, investments, and opportunities in the agreed areas of cooperation.
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