The two entities to enhance ports and maritime collaboration
AD Ports Group and the Vietnam Maritime Administration—VINAMARINE, a government authority managed by the Ministry of Transport of Vietnam, recently announced the signing of a Memorandum of Understanding (MoU), which would pave the way for a dynamic partnership focused on bolstering commercial opportunities across various sectors, including ports, logistics, digital solutions, economic cities, free zones, maritime and shipping.
The MoU was signed in the presence of Pham Minh Chinh, Prime Minister of Vietnam and HE Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, by Mohamed Eidha Al Menhali, Regional CEO, AD Ports Group, and Hoang Hong Giang, Deputy Administrator, Vietnam Maritime Administration.
Under the terms of the agreement, both entities would focus on key areas of cooperation, including the development and management of dry ports and inland container depots in addition to advanced logistics operations and digital solutions to enhance global maritime and shipping sectors.
A joint working group would be established to oversee the implementation of the project, focusing on the development of initiatives, investments, and opportunities in the agreed areas of cooperation, according to a press communique.
“Our combined efforts would not only enhance the maritime and logistics sectors in both countries but also create avenues for sustainable growth and development in line with both nations’ economic diversification goals. We are committed to sharing our expertise and resources to unlock new opportunities, fostering a mutual path of prosperity,” noted Mohamed Eidha Al Menhali, Regional CEO, AD Ports Group.