FECON and PowerChina to develop key infrastructure

As part of that of push, FECON Corporation and Power Construction Corporation of China (PowerChina) have signed an MoU for a comprehensive strategic partnership to develop key infrastructure.

The MoU, signed on April 10, will strengthen bilateral cooperation in strategic infrastructure fields, while opening a new phase of development between the two sides through optimising shared resources and exploiting business opportunities in the Vietnamese and international markets.

FECON and PowerChina will cooperate in key areas including urban railways, high-speed railways, urban development following the transit-oriented development model, sea reclamation ventures, seaports, and logistics. The two sides will partner in energy infrastructure such as liquefied natural gas, nuclear power, offshore wind power, and large-scale pumped energy in the Vietnamese market and others in the region.

Pham Viet Khoa, chairman of the Board of Directors of FECON Corporation, said, "This deal marks an important step in implementing Vietnam's key national projects, serving the nation's sustainable development goals. Leveraging our strengths in science and technology, personnel, and local understanding, we are committed to accompanying PowerChina in implementing projects effectively within the cooperation framework."

PowerChina is an integrated construction group that provides services related to investment and financing, planning and design, engineering and construction, equipment manufacturing, and operation management for clean and low-carbon infrastructure construction. In the transport sector, PowerChina has constructed railways around the world with a total length exceeding 2000km.

FECON consistent with sustainability journey All FECON projects have contributed to gearing Vietnamese infrastructure towards sustainable development.

Top Chinese leader’s Vietnam visit hoped to promote bilateral relations to new heights: Scholar Shi believes that through this visit, the high-ranking leaders of the two countries, from a high-level and long-term strategic vision, will set out new directions for the development of the Comprehensive Strategic Cooperative Partnership between China and Vietnam.

Prime Minister urges COMAC to support Vietnam in developing aviation industry The PM said that the Party and State of Vietnam always encourage major enterprises, representing high levels of science and technology of China, to participate in new investment projects and expand investments in the fields of road, railway and aviation infrastructure in Vietnam.