Duringin a working session between aa delegation of Vietnam's Hai Phong port city and that of Brno City and senior executives of CTP Group of the Czech Republic, held in Brno on December 1, the Hai Phong Economic Zone Authority and CTP Group have officially signed a Memorandum of Understanding (MoU),  establishing a cooperative relationship between the two parties and concretizing CTP's direction in in investment in high-tech industrial parks with comprehensive services in Hai Phong.

On this occasion, CTP Group committed to a €1-billion ($1.16 billion) investment in Hai Phong in the coming years. Additionally, CTP seeks permission and land leases to develop high-tech industrial parks with ready-built factories (RBF) and ready-built warehouses (RBW) in the northern port city of Vietnam. 

The Hai Phong delegation, led by Mr. Le Tien Chau, Member of the Central Committee of the Communist Party of Vietnam and Secretary of the Hai Phong City Party Committee, paid a working visit to the Czech Republic from November 30 to December 3.

Speaking at the working session with Brno city, Mr. Chau emphasized that the official upgrade of Vietnam-Czech relations to a Strategic Partnership in January 2025 has created a broader and more favorable framework for cooperation between the two countries and their localities, including Hai Phong and Brno. 

This is particularly significant in promoting substantive collaboration between ministries, sectors, localities, and business communities of the two countries. In this context, Hai Phong highly values the role of Czech localities like Brno in expanding direct, effective, and practical cooperation, the Hai Phong leader noted.

He highlighted Hai Phong's advantages as the largest port city in Northern Vietnam, boasting a comprehensive transportation infrastructure with five modes of transport, inluding deep-water ports directly connected to Europe and America, and a modern industrial-logistics network. On this foundation, Hai Phong aims to become an international seaport hub, a green industrial center, and an innovation hub of Vietnam.

Currently, Brno is considered a leading center for science, technology, and innovation in the Czech Republic, sharing many similarities with Hai Phong's strategy to develop research and development (R&D) centers, innovation, and high-tech industrial parks. 

Therefore, the Hai Phong leader believed that the two cities can enhance comprehensive cooperation in R&D, technology transfer, linkages between research institutes, universities, and businesses, as well as exchanges of experts and students. Brno's experience in urban energy management and sustainable industrial transformation will be a very practical area of cooperation between the two sides in the near future, he said.

To realize Czech business investments in Vietnam in general and in Hai Phong in particular, the Hai Phong Economic Zone Authority and CTP Group have officially signed a Memorandum of Understanding (MoU). This establishes a cooperative relationship and concretizes CTP's direction in developing high-tech industrial parks offering comprehensive services in Hai Phong.

Source: VnEconomy