The delegation from Sumitomo Corporation (Japan) – a strategic partner of Hai Long Construction in the field of Container production – held a working session and officially signed a Memorandum of Understanding (MOU) with the People's Committee of Thanh Hoa province. The agreement aims to research and develop the Western Thanh Hoa City Industrial Park project along with a logistics center and auxiliary urban system, with a total expected investment of approximately 9.5 trillion VND (equivalent to over 400 million USD).
A strategic cooperation milestone worth over 400 million USD
According to the recorded agreement, Sumitomo Corporation expressed deep interest and committed to researching investments in a large-scale project complex in Thanh Hoa province. The negotiation delegation was represented by Mr. Takashi Yanai – Member of the Board of Directors of the Corporation, General Manager of the Logistics Infrastructure Business Division.
The investment research project complex includes two main components:
Western Thanh Hoa City Industrial Park: Expected development area of approximately 650 ha.
Logistics Center and Auxiliary Urban Development: Expected development area of approximately 168.5 ha.
The total expected investment capital for the entire project is approximately 9.5 trillion VND (equivalent to over 400 million USD), with a roadmap focused on the 2024 – 2025 period.
Expectations to open up a space for modern industrial – logistics development
Sumitomo Corporation is one of Japan's leading multi-industry trading and investment groups, possessing extensive experience in developing and operating internationally standardized industrial parks and logistics infrastructure globally. The group's presence in Thanh Hoa is expected to create a major turning point in attracting high-quality FDI capital, promoting the formation of a smart and modern industrial – logistics ecosystem in the North Central region.
For Hai Long Construction, Sumitomo Corporation is an important strategic partner in the field of industrial Container production. The international partner's expansion of infrastructure investment in Vietnam not only affirms the strong cooperative relationship between the two sides but also opens up potential opportunities for future collaboration in infrastructure and industrial structure development.
