On 22/9/2021, in New York city, in General Discussion section of the 76th United Nations General Assembly, the President - Nguyen Xuan Phuc welcomed and witnessed the signing ceremony of investment cooperation agreement between Quantum Group (USA) and joint name of Kinh Bac City Development Holding Corporation and Saigon Telecommunication and Technologies Corporation belonged to Saigon Invest Group.

The President Nguyen Xuan Phuc at the meeting of Quantum Group (USA) and representative of Saigon Telecommunication and Technologies Corporation - Chairman Dang Thanh Tam and Kinh Bac City Development Holding Corporation

Quantum Group is a leading multidisciplinary group in America and Europe currently managing many investment funds and companies investing in sectors of oil and gas, energy, transportation infrastructure, airport, seaport, telecommunications, medical and high technology.

In case successful relationship between joint name of SGT-KBC and Quantum, it will open up a foreign direct investment into project chain with total value up to USD 20 to 30 billion in many sectors. Quantum focuses on investing in Vietnam into many inportant projects such as Long Son Gas Power Plant (about USD 5 billion); investment projects with long-term vision such as: Long Son port, industrial park (including gas port to supply to industrial park and household in the future).

Quantum Group also expressed to have a big investment in Logistics Hub Ba Ria Vung Tau and construct a railway connecting this province to Dong Nai, Binh Duong, HCMC; the North Logistics of Vietnam from Lang Son to Hanoi and Hai Phong. In addition, this group also plan to invest and construct infrastructure, telecommunications, industrial real estate, financial investment and Vietnam’s stock market.

Accordingly, the joint name SGT - KBC shall focus on speeding up site clearance and completing infrastructure of ít industrial parks to create land bank and essential service ready to provide to investors. Especially, the parties shall mutually promote the transfer of domestic vaccine production technology and develop new treatment methods combining between Western medicine, traditional medicine and biochemistry (including energy medicine) and eutrophication (an Indian form of medicine that combines nutrition).

At the ceremony, the President Nguyen Xuan Phuc welcomed Quantum Group, SGT-KBC joint name having cooperation agreements to implement many large-scale investment projects in Vietnam. Simultaneously, the President highly appreciated Quantum Group with its long-term and strategic projects inVietnam, especially projects in sectors of hi-tech industry and production, some of important infrastructure sectors.

At the ceremony, the President Nguyen Xuan Phuc welcomed Quantum Group, SGT-KBC joint name had cooperation agreements to implement many large-scale investment projects in Vietnam

The President also suggested relevant Ministries supported Quantum and SGT-KBC joint name to successfully implement investment projects in Vietnam. Accordingly, Vietnam will create favorable conditions on procedures process, business environment to attract investment. Simultaneously, the President believes that the joint name has rich experience, capacity and achievements in many years, its new projects shall continue to achieve new successes in the future.