Hanoi (VNA) – Vingroup and global investment firm JTA Investment Qatar announced a Memorandum of Understanding (MoU) on March 4 , opening up strategic investment opportunities in the electric vehicle and tourism sectors.
Accordingly, JTA Investment Qatar recognises VinFast's global growth strategy, alongside the significant value of Vinpearl's premium hotels and resorts, leading amusement parks and entertainment clusters, thereby aiming to join Vingroup in capitalising on these investment opportunities.
The MoU outlines JTA Investment Qatar's interest in strategic opportunities in Vingroup's core business sectors, specifically its industrials & technology and real estate & services pillars.
Regarding the industry & technology pillar, JTA Investment Qatar explores a potential equity investment of at least 1 billion USD in VinFast, the Nasdaq-listed pure-play EV manufacturer, as well as a strategic partnership aimed at supporting VinFast's global expansion and technological development.
On the real estate & services pillar, JTA Investment Qatar is exploring investment opportunities in Vinpearl's managed and operated five-star hotels, resorts and amusement parks clusters, which are prominently situated in Vietnam's prime tourist areas.
Furthermore, JTA Investment Qatar and Vingroup are pursuing the establishment of joint ventures to expand and enhance Vinpearl's service offerings, including hotels & resorts, amusement parks and golf courses, particularly in unique and high-growth tourism markets where Vinpearl maintains a strong market presence.
Under the MoU, the companies will engage in discussions to define their future collaboration in pursuing mutually beneficial objectives.
Founder and CEO of JTA Investment Qatar Dr. Amir Ali Salemi said that by leveraging our expertise and resources within the energy, technology, infrastructure, and tourism sectors, they are thrilled to contribute to the advancement of Vingroup's strategic objectives and promising business areas, with a particular emphasis on VinFast and Vinpearl.
This collaboration will generate mutually beneficial business opportunities and facilitate Vingroup's strategic expansion into international markets.
Meanwhile, Vice Chairwoman of Vingroup Le Thi Thu Thuy said the collaboration with JTA Investment Qatar will unlock significant opportunities for Vingroup and its subsidiaries to drive technological, infrastructural, and sustainable economic advancement in Vietnam, while establishing a foundation for international expansion.
Building upon its established domestic success, Vingroup continues to pursue global expansion, notably through VinFast's strategic entry into key markets across North America, Europe, India, Southeast Asia, and the Middle East./.
