In order to promote cooperation and implement multi-sectoral projects in Uzbekistan, the agreement marks the beginning of a long-term cooperation plan between the two sides in many key areas, while opening up large-scale investment opportunities for Vietnamese enterprises in the Central Asian region, contributing to strengthening economic and investment relations between Vietnam and Uzbekistan.
According to the MOU, the two sides agreed to coordinate research and strategic cooperation in areas such as urban development, sustainable transportation, tourism - resorts and investment projects in line with Uzbekistan's development orientation.
Specifically, in the field of urban development, Uzbekistan is ready to allocate 1,000 hectares of land in the prime area of the capital Tashkent to Vingroup for the Group to research, propose, and invest in developing large-scale urban complexes, including residential areas, utility infrastructure, commercial and public works. The project aims to form a "Vietnam Town" area in Uzbekistan, contributing to creating a highlight for modern and sustainable urban development, while enhancing cultural exchanges and economic cooperation between the two countries.
In the field of sustainable transportation, Vingroup proposed to study the implementation of taxi and urban transportation services using VinFast electric vehicles in Uzbekistan, along with charging infrastructure and supporting services. The project is expected to contribute to promoting green transformation, reducing emissions and improving the quality of urban transport services in major cities of Uzbekistan.
In the field of tourism and entertainment, the two sides will study the possibility of developing an integrated tourism - resort complex, including entertainment areas, hotels, golf courses and synchronous tourism infrastructure, to exploit Uzbekistan's tourism potential and increase the attractiveness of Uzbekistan to international tourists.
In addition, this strategic cooperation also opens up a framework for the two sides to identify, evaluate and select additional potential investment projects, in line with each side's development strategy and long-term priorities.
On the side of the Uzbek Government, the Ministry of Investment, Industry and Trade is committed to supporting Vingroup through providing information on the investment environment, legal framework and preferential policies; coordinating with competent authorities and local authorities in project preparation, including land procedures, licensing and access to investment support mechanisms according to regulations.
On Vingroup's side, the group will propose development ideas, technical solutions and investment plans; participate in feasibility studies and project structures; and mobilize member companies in the Vingroup ecosystem to implement suitable projects in Uzbekistan.
Deputy Minister of Investment, Industry and Trade of Uzbekistan, Mr. Kasimov Ilzat Ablaxatovich said: We welcome Vingroups attention and cooperation commitment in Uzbekistan. With experience in urban development, sustainable transportation and infrastructure projects, Vingroup is expected to be a strategic partner to jointly research and implement investment initiatives to meet the socio-economic development orientation of Uzbekistan in the coming time".
Mr. Nguyen Viet Quang - Vice Chairman and General Director of Vingroup Corporation - shared: Uzbekistan is a potential market with a clear development orientation and an increasingly perfect investment environment. Through this Memorandum of Understanding, Vingroup hopes to gradually study appropriate cooperation opportunities, accompany the Uzbek Government in developing sustainable urban areas, transportation and areas that have positive contributions to the local community".
Uzbekistan is a country strategically located in Central Asia, with a rapidly growing economy and great potential for urban development, infrastructure, tourism and services. The Uzbek government is promoting reforms and attracting foreign investment to promote sustainable economic development and international integration.
Vingroup is a leading multi-industry private economic group in Vietnam, operating in key areas such as Technology - Industry, Trade - Services, Infrastructure, Energy, Culture, and Social Charity, with the mission "For a better life for everyone". With its reputation, scale and capacity affirmed, Vingroup is gradually expanding its international presence, contributing to enhancing the position of Vietnamese enterprises on the global economic map.
