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AD Ports in MoU to modernise Vietnam maritime infrastructure

Vietnam’s Vingroup and Abu Dhabi-based AD Ports Group have signed a memorandum of understanding (MoU) to jointly explore developing and modernising ports, logistics and maritime infrastructure in Vietnam.

Michele Labrut, Americas Correspondent

November 1, 2024

1 Min Read
AD Ports inks Vietnam ports MoU
Credit: AD Ports

The MoU will look at opportunities to collaborate in developing integrated logistics ecosystems, seaport operations and shipyards to strengthen Vietnam’s logistics and manufacturing sectors, helping to position the country as an emerging trade hub in regional and global supply chains, said AD Ports.

Vingroup will assess which potential projects could be secured for development, where it could oversee construction, provide essential infrastructure, and engage with local partners, while the AD Ports Group, will manage the operational aspects of the projects, while connecting with international customers to position Vietnam as an essential part of the global supply chain.

This collaboration aligns with Vingroup’s commitment to national development and represents a significant step toward establishing Vietnam as a strong player in global logistics. Vingroup’s projects consistently meet or exceed timelines and quality standards, setting new benchmarks for the market,” said Le Thi Thu Thuy, Vice Chairman of Vingroup.

 “Vietnam is one of the fastest-growing economies in Asia, with GDP forecast to continue rising in the next few years. Under the vision of our wise leadership, AD Ports Group looks forward to extending its activities into Southeast Asia and helping Vietnam improve its interconnectivity with the global trade ecosystem,” added Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group.

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About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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