SAIGONTEL’S GREEN ALLIANCE SIGNS A MOU FOR THE COLLABORATION OPPORTUNITIES RESEARCH TO REDUCE EMISSIONS AND ARTIFICIAL INTELLIGENCE SOLUTIONS IN THE TRANSPORTATION SECTOR IN HO CHI MINH CITY AND HUNG YEN PROVINCE

Written by  - Thursday, 16 November 2023

Accepting the invitation from Mr. Joe Biden - the U.S President, our President Võ Văn Thưởng, along with a high-level Vietnamese delegation, participate in the High-Level Week of the Asia-Pacific Economic Cooperation Forum (APEC) 2023, combined with bilateral activities in the United States. The APEC 2023 High-Level Week is scheduled to take place in San Francisco, the U.S, from November 11 to 17, 2023, featuring various events. Among them, a Roundtable Discussion connecting U.S. businesses with localities in Vietnam marks the collaboration and practical actions for the sustainable development of the regions.

The 30th APEC Economic Leaders' Meeting kick off from November 11 to 17 in San Francisco, USA with the theme "Creating a Resilient and Sustainable Future for All”. The year 2023 marks 30 years since the first APEC Economic Leaders' Meeting was held in the U.S (in 1993) and marks 25 years since Vietnam has joined APEC (in 1998).

The Meeting is focused on three priorities: “Interconnected” – Building a resilient and interconnected region that advances broad-based economic prosperity; “Innovative” – Working to enable an innovative environment for a sustainable future; and “Inclusive” – Affirming an equitable and inclusive future for all. "The Vietnamese delegation, led by President Võ Văn Thưởng, engages in several significant activities, such as participating in dialogues among APEC leaders and conducting bilateral interactions with leaders of APEC economies.

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The President - Mr. Vo Van Thuong had a Speech in the Round Table Conference on Connecting U.S. Businesses with Vietnamese Localities

After elevating the bilateral relationship between Vietnam and the US to a Comprehensive Partnership for Peace, Cooperation, and Sustainable Development, the two countries have undertaken numerous activities to enhance comprehensive cooperation. During the Roundtable Discussion which was held on November 15th 2023 by the Ministry of Planning and Investment in San Francisco, aimed to connect U.S. businesses with localities in Vietnam. In the presence of the President, the Chairman of the People's Committee of Ho Chi Minh City, representatives from the People's Committee of Ho Chi Minh City, and the Green Alliance, a Memorandum of Understanding on coordinating research and analysis of emission reduction opportunities in Ho Chi Minh City was signed. Additionally, a Memorandum of Cooperation on researching, developing, and integrating artificial intelligence (AI) solutions for the transportation sector was also signed."

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The President - Mr. Vo Van Thuong witnessed the signing ceremony of the Memorandum of Understanding on cooperation between the Saigontel Green Alliance and the representatives of the People's Committee of Ho Chi Minh City

The Memorandum of Understanding acknowledges the commitment of the parties to support Ho Chi Minh City in researching technologies and developing pathways for low-emission and "net-zero" renewable energy sources, energy storage technologies, carbon capture and utilization technologies. It also commits to supporting relevant agencies and organizations within Ho Chi Minh City in promoting low-emission and "net-zero" emissions in the production of construction materials, developing green urban areas, eco-cities, green infrastructure, and sustainable urbanization. The parties further commit to developing agriculture in the direction of ecological agriculture, organic farming, low emissions, and "net-zero" emissions. The Green Alliance also pledges support for the city in developing a strategy to contribute to greenhouse gas reduction, identifying the causes of areas/sectors with significant emission sources.

In the collaboration for researching, developing, and integrating artificial intelligence (AI) solutions for the transportation sector, after signing the Memorandum of Understanding, the parties expect to propose innovative solutions for a smart city transportation initiative. This involves implementing Artificial Intelligence (AI) and Internet of Things (IoT) technologies to enhance traffic management, reduce congestion, minimize emissions from transportation, introduce low-carbon transport solutions, optimize transportation infrastructure, and propose monitoring and emission reduction strategies for the city. 

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In the presence of the President, the Saigontel Green Alliance along with the representatives of the People's Committee of Hưng Yên province carried out the signing of the Memorandum of Understanding on cooperation.

Stimultaneously in San Francisco, under the witness of President Võ Văn Thưởng, the People's Committee of Hưng Yên Province, the Green Alliance, a Memorandum of Understanding on coordinating research and analysis of opportunities for net emission reduction in Hưng Yên Province was signed. The parties acknowledge their commitment to supporting Hưng Yên in achieving green growth objectives. These objectives include researching technologies and developing pathways for low-emission renewable energy sources, promoting emission reduction in the transportation sector, developing agriculture in the direction of ecological agriculture, organic farming, low emissions, protecting and restoring resources, and developing natural ecosystems.

Investment Promotion Department.

Strategic Partnership