According to the memorandum, a key highlight is the urban development plan in the capital city of Tashkent. Uzbekistan plans to allocate approximately 1,000 hectares of land in the central area of the capital for Vingroup to explore investment opportunities. This project is envisioned as a "Vietnam Town" complex, encompassing residential areas, commercial infrastructure, public utilities, and social facilities.

Mr. Kasimov Ilzat Ablaxatovich, Deputy Minister of Investment, Industry and Trade of Uzbekistan (left), and Mr. Nguyen Viet Quang, Vice Chairman and General Director of Vingroup (right), at the memorandum of understanding signing ceremony. *Photo: Vingroup*

In the transportation sector, Vingroup proposed introducing VinFast electric vehicles to the Uzbekistan market through taxi services and urban mobility solutions. This plan includes building an ecosystem of charging station infrastructure and technical logistics services. This initiative is expected to contribute to Uzbekistan's green transition strategy, reducing greenhouse gas emissions and modernizing public transportation systems in major cities.

Beyond real estate and transportation, both parties also agreed to explore the potential for developing integrated tourism and resort complexes. These projects are expected to include entertainment zones, hotel systems, golf courses, and synchronized tourism infrastructure, aiming to capitalize on the growth potential of the local tourism sector and attract international visitors.

To realize these cooperative initiatives, the Ministry of Investment, Industry and Trade of Uzbekistan committed to providing detailed information on the investment environment, incentive policies, and relevant legal frameworks. The agency will also coordinate with local authorities to support Vingroup with land procedures, licensing, and access to regulatory support mechanisms. For its part, Vingroup is responsible for conducting feasibility studies, proposing technical solutions, structuring projects, and mobilizing resources from member companies within its ecosystem for implementation.

Mr. Kasimov Ilzat Ablaxatovich, Deputy Minister of Investment, Industry and Trade of Uzbekistan, praised Vingroup's experience in urban development and sustainable transportation. He believes this cooperation will bring investment initiatives aligned with Uzbekistan's socio-economic development orientation in the coming period.

Representing the Vietnamese enterprise, Mr. Nguyen Viet Quang, Vice Chairman and General Director of Vingroup, stated that Uzbekistan is a market with rich potential and an increasingly improving investment environment. "Through this agreement, the group aims to gradually establish its presence and contribute to the development of the local community through green infrastructure and services projects", Mr. Quang expressed.

Uzbekistan is currently regarded as a country with a strategic location in Central Asia and a positively growing economy. Its government is accelerating reform policies to attract foreign direct investment (FDI) for infrastructure development and international economic integration. Expanding into this market is part of Vingroup's globalization strategy to enhance the position of Vietnamese enterprises on the global economic map.

Thanh Thu