A Memorandum of Understanding was signed in Hanoi between the Ministry of Investment and Trade of Uzbekistan and Vingroup, one of Vietnam’s leading corporations.

The document aims to implement investment projects in priority sectors of Uzbekistan’s economy and to strengthen trade, economic, and investment ties between Uzbekistan and Vietnam.

Under the Memorandum, the parties agreed to jointly explore and develop opportunities for strategic cooperation on investment projects aligned with the key areas of Uzbekistan’s socio-economic development.

In particular, Vingroup expressed its readiness to collaborate in urban development, including the implementation of projects to build modern residential complexes, hotels, business centers, and retail and entertainment facilities.

In addition, an agreement was reached to explore opportunities for cooperation in green transformation, sustainable transport, and the development of modern service systems.

UzA