Mitsubishi Corporation expands operations in Vietnam from urban development to automotive industry

Specifically, in urban development, Mitsubishi Corporation will make large-scale investments in Vinhomes to develop world-class smart city projects in Vietnam. This collaboration will enhance the quality of real estate offerings. The two sides will also collaborate on developing interior design platforms and applying digital technologies to improve the management of real estate projects. Additionally, a focus will be placed on using green materials to achieve net-zero emissions, thereby reducing carbon emissions nationwide.

The two parties will also conduct a feasibility study to establish a joint venture for data center operations in Vietnam. This initiative aims to provide critical digital infrastructure for Vietnamese society, contributing to Vietnam's digital transformation and social development.

Regarding renewable energy, the two sides will conduct a feasibility study on implementing wind power projects in Vietnam. These projects aim to supply clean and reliable energy to urban development projects under Vinhomes.

Mitsubishi Corporation will also establish a working group to collect used cooking oil from Vinhomes and Vinpearl projects, recycling it into biofuel to protect the environment. Additionally, they will promote community activities to foster a green lifestyle in urban areas.

In the automotive industry , Mitsubishi Corporation will explore providing after-sales services for VinFast in international markets, thereby enhancing the competitiveness of the VinFast brand.

Leveraging their extensive experience in Japan, Vietnam, and the global market, the collaboration between Mitsubishi Corporation and Vingroup, through the establishment of working groups, will swiftly execute the MoU's objectives. This partnership aims to bring international-standard products and services to the market, advancing sustainable development.

Takuya Kuga, CEO of Urban Development and Infrastructure, Mitsubishi Corporation, shared, "Mitsubishi Corporation is actively pursuing a wide range of business ventures driven by the mission of enhancing the quality of life for the people of Vietnam. With the establishment of a comprehensive strategic partnership between Vingroup and Mitsubishi Corporation, I am confident that the two groups will embark on a path of robust growth, scaling new heights in the years ahead."

Source: Vietnam Investment Review