Within the framework of the Asia-Pacific Economic Cooperation (APEC) Summit Week 2023, a memorandum of understanding was signed between PANYNJ and Hai Phong city together with the Vietnam - US Investor Consortium including Saigon Telecommunication Technology Joint Stock Company (Saigontel), Kinh Bac City Development Corporation (KBC) and Energy Capital Vietnam Company (ECV).
Working session between representatives of the Port Authority of New York and New Jersey (PANYNJ) with the Hai Phong delegation and American and Vietnamese investors
Infrastructure plays a core role in the socio-economic development of a country, economic development goes hand in hand with great demand and requirement for infrastructure investment. In Vietnam, seaports are an essential part in the construction and upgrading of social infrastructure, in addition, they are also the driving force for the development of the marine economy as well as the country's economy. Moreover, seaports are the route for goods trade, the link connecting modes of transport from sea to rail, road and inland waterways.
In the United States, the Port Authority of New York and New Jersey (PANYNJ) is a joint venture between the states of New York and New Jersey, established in 1921 through a federal compact authorized by the United States Congress. The Port Authority oversees much of the regional transportation infrastructure, including bridges, tunnels, airports, and seaports, within the geographic boundaries of the Port of New York and New Jersey. The 1,500-square-mile (3,900 km2) port district is within 25 miles (40 km) of the Statue of Liberty. PANYNJ operates the Newark–Elizabeth Marine Terminal, the third-largest by volume of any port in the United States, and operates the LaGuardia Airport system, John F. Kennedy International Airport, Newark Liberty International Airport, Teterboro Airport, and Stewart International Airport.
Working session between representatives of the Port Authority of New York and New Jersey (PANYNJ) with the Hai Phong delegation and American and Vietnamese investors
During the working trip to the United States, within the framework of the Asia-Pacific Economic Cooperation (APEC) 2023 Summit Week , a memorandum of understanding was signed between PANYNJ and Hai Phong city together with the Vietnam - US Investor Consortium including Saigon Telecommunication Technology Joint Stock Company (Saigontel), Kinh Bac City Development Corporation (KBC) and Energy Capital Vietnam Company (ECV). The parties signed a memorandum of understanding on cooperation in researching the project of Tien Lang International Airport complex, Nam Do Son port, railway system, logistics center and Hai Phong World Trade Center with the aim of bringing benefits to the parties in the fields of operational optimization, business development and marketing, innovation, sustainability and transformation.
Memorandum of Understanding signing ceremony between PANYNJ and Hai Phong city with Vietnam - US Investor Consortium
After the signing ceremony, Comrade Le Tien Chau, member of the Party Central Committee, Secretary of the Hai Phong City Party Committee led a delegation to visit and work with PANYNJ, the Group of Investors including Mr. Dang Thanh Tam, Chairman of KBC, Ms. Nguyen Cam Phuong, General Director of Saigontel and Mr. David Lewis, Chairman of ECV. Welcoming the delegation of Hai Phong City and the Group of Investors were Mr. Bethann Rooney, Director of the Port and the Port Management Board. Here, the parties had an exchange and shared about the research, construction, management and exploitation of airport, railway, logistics center and commercial center projects. In addition, there were development orientations and visions for the future.
Memorandum of Understanding signing ceremony between PANYNJ and Hai Phong city with Vietnam - US Investor Consortium
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. Kinh Bac City Development Corporation (KBC) was established on March 27, 2002, a member of Saigon Invest Group. As an enterprise that initiated the model of developing Industrial Parks combined with Urban - Service - not only brings high economic value to the country and enterprises but also demonstrates profound social value. KBC's outstanding competitive advantage in recent times is developing Industrial Parks associated with attracting high-tech investment from large technology corporations in the world. 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. |
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