Attending the ceremony on behalf of Pacific Construction Group were Yan Jiehe, founder of the group; Wu Jing, Chief Executive Officer of Pacific Construction Group and Chairwoman of Vietnam Capital Construction Company, along with other representatives.
On the Hanoi side were Duong Duc Tuan, Member of the Standing Committee of the Hanoi Party Committee and Standing Vice Chairman of the Hanoi People's Committee; Nguyen Phi Thuong, Director of the Hanoi Department of Construction; and representatives from city departments and agencies.
Overview of the signing ceremony.
Speaking at the event, Tuan said Hanoi is entering a new phase of development with high requirements for institutional improvement, synchronized planning, and investment in core infrastructure. The city identifies urban technical infrastructure, transport infrastructure, and underground space development as key breakthroughs to support rapid and sustainable growth.
He emphasized that the city encourages capable and experienced investors to participate in strategic infrastructure sectors, while requiring that cooperation be effective, transparent, compliant with regulations, and linked to technology transfer and capacity building.
Standing Vice Chairman Duong Duc Tuan speaks at the ceremony.
According to Tuan, Pacific Construction Group is a capable partner with international experience and has been involved in several key infrastructure projects in Hanoi. These include Tu Lien Bridge, Ngoc Hoi Bridge, and Metro Line 5 from Van Cao to Hoa Lac, all of which are strategic projects for shaping urban space and the city's transport system.
On behalf of the city leadership, Tuan acknowledged and appreciated the close cooperation between city agencies and the group, which has helped establish a practical and concrete cooperation framework.
He called on the group to continue focusing resources, organizing construction efficiently, shortening project timelines, and ensuring quality, technical standards, and safety. For Metro Line 5 in particular, he urged strong and decisive implementation to achieve completion as soon as possible.
Nguyen Phi Thuong, Director of the Hanoi Department of Construction, and Wu Jing, CEO of Pacific Construction Group, sign the MoU.
The city also welcomed the interest of Pacific Construction Group and other foreign investors in new projects in Hanoi. It expressed its desire for the group to expand investment in Hanoi and Vietnam, strengthen cooperation with Vietnamese enterprises, and deliver concrete, high-impact projects associated with technology transfer.
Tuan requested that the group work closely with city authorities to translate the MoU into specific investment projects with clear timelines and roadmaps, ensuring effective implementation, avoiding formalism or delays, and complying with the legal frameworks of both countries.
He expressed confidence that, with existing strengths and potential, along with strong commitment and decisive action from both sides, the group's new projects and investment ideas in Hanoi will achieve breakthroughs, be implemented promptly, and contribute significantly to the Capital's development, while further strengthening bilateral cooperation between the two countries.
At the ceremony, witnessed by city leaders and representatives of Pacific Construction Group, Nguyen Phi Thuong and Wu Jing signed the memorandum of understanding between the Hanoi Department of Construction and Pacific Construction Group.
Delegates pose for a commemorative photo at the ceremony.
Under the MoU, the two sides agreed to cooperate in researching, proposing, and implementing urban infrastructure and transport development projects, upgrading and expanding urban space, and collaborating in education, healthcare, and other socio-economic sectors. The focus will be on large-scale infrastructure projects that can drive new growth for the city.
The MoU is expected to provide an important foundation for advancing major infrastructure projects in the coming period, contributing to Hanoi's rapid and sustainable development and enhancing its position on the global investment map.