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On April 1st, 2024, Saigontel hosted and held discussions with a delegation of Israeli billionaires, welcoming a massive investment fund from the Middle East to Vietnam in the industrial infrastructure and energy sectors..

Regarding Foreign Direct Investment (FDI) attraction, Israel ranks 45th out of 143 countries and territories investing in Vietnam. Expectations were high that during this visit, Israeli investors would explore opportunities to bolster their investments in Vietnam, especially in areas such as industrial infrastructure, energy infrastructure, manufacturing, healthcare, and support services. During their visit, the Israeli investor group toured and held discussions in various localities such as Ho Chi Minh City, Binh Dinh, among others. Notably, Saigontel, as a reputable private conglomerate deeply familiar with Vietnam, was privileged to host and facilitate meetings for these investors, who were keen on exploring investment opportunities.

Leading the working sessions, Saigontel had the honor of receiving leadership representatives from localities, including Mr. Nguyen Hong Linh - Secretary of the Provincial Party Committee of Dong Nai Province; Mr. Huynh Van Son - Vice Chairman of the People's Committee of Long An Province; Mr. Nguyen Cong Vinh - Vice Chairman of the People's Committee of Ba Ria-Vung Tau Province. Representing Saigontel were Mr. Dang Thanh Tam - Chairman of the Board of Directors and Mrs. Nguyen Cam Phuong - General Director. The Israeli investor delegation, led by Mr. Netanel Alfassi - Mayor of Migdal Province, and 11 other Israeli billionaires, also attended the program.

Among the prominent individuals present were:

(1) A group of billionaires from Cyril Dissescou's family - Founder and CEO of Nexif Ratch Energy SE Asia PTE.,LTD, specializing in energy, thermal power, oil, and gas with over 20 years of experience in energy and natural resource investments;

(2) A group of billionaires from Taher Ali Shahin Albulushi Altahri's family - CEO of UB General Trading FZC; Saif Ali Shain Mohammed altahri - CEO of UB General Trading FZC, a businessman specializing in finance and trade with numerous successful projects in Dubai. UB General Trading FZC is one of the leading financial conglomerates in the United Arab Emirates with assets worth approximately 2-3 billion USD.

(3) Mr. Rami Levy, Chairman and CEO of Rami Levy Hashikma Marketing; Mr. Yhouda Levy - Co-founder, and Mr. Aviv Yosef Brosilovski - Chairman and CEO of Forrta Pro. According to the Times of Israel, Mr. Rami Levy is known as the "supermarket tycoon" in Israel with the largest chain of discount supermarkets in Israel, 52 branches, and logistics centers with an average annual revenue of 1.7 billion USD.

(4) Mr. Oded Zucker - Advisor to Salinas Group (total assets of 3 billion USD); He is a bank manager and a senior investment advisor directly managing investments for the ten wealthiest and most famous families in Mexico and Israel.

(5) Finally, Carl Anthony Cruz - Chairman and CEO of Cross Energy Corporation (assets worth 2 billion USD). He is a leading real estate investor in Mexico, investing in port areas, energy, and more.

Alongside these renowned billionaires, discussions revolved around Saigontel's leadership in industrial real estate infrastructure, especially after its achievements in attracting international Foreign Direct Investment (FDI), which presented significant potential for joint investments. Therefore, the Israeli billionaire delegation visited Saigontel's representative office at 300ab Nguyen Tat Thanh, District 4, to delve deeper into their investment intentions in industrial infrastructure, energy, and other related sectors such as renewable energy infrastructure development, rare earth mining, etc., aiming to prepare for the impending wave of investment from Middle Eastern countries to Southeast Asia, particularly Vietnam. After the working program, the Israeli investor group expressed their intention to continue researching and evaluating the feasibility of investment opportunities and to return to Saigontel at the earliest opportunity.

This direct engagement with a group of global billionaires is expected to open up opportunities for cooperation, investment in economic development, and promote the image of Vietnam internationally. Additionally, it is anticipated to directly contribute to the projects Saigontel is currently developing.

Investment Promotion Department.

During the Investment Promotion Conference of Binh Dinh province in 2024 held in Quy Nhon city on March 29, 2024, the representatives of Saigontel and the representatives of the Binh Dinh Provincial People's Committee signed a cooperation agreement aimed at "attracting, training, and developing high-quality human resources" for the province.

Deputy Prime Minister Tran Luu Quang attended the conference

On the morning of March 29, 2024, Binh Dinh province solemnly organized an Investment Promotion Conference to promote and attract investment in the area, with a vision until 2050. The conference was attended by Deputy Prime Minister Tran Luu Quang, leaders of central ministries, embassies of various countries and international organizations, global entrepreneurs, international organizations, business associations, investment promotion agencies, sponsors, and nearly 500 domestic and foreign enterprises.

At the conference, Mr. Pham Anh Tuan, Chairman of the Binh Dinh Provincial People's Committee, delivered the opening speech and analyzed the advantages, development potentials, and cooperation opportunities for investors in Binh Dinh province. He outlined the province's development orientation and goals for the period of 2021-2030 as well as the vision until 2050. Investors, both domestic and foreign, were provided with information on the province's strategies, policies, and development directions, as well as access to investment projects that the province is calling for.

Chairman of the People's Committee of the province Pham Tuan Anh delivered the opening speech at the conference

On the sidelines of the conference, in the presence of government leaders, ministries, departments, representatives of Saigontel, and the Binh Dinh Provincial People's Committee, a Memorandum of Understanding on cooperation regarding "attracting, training, and developing high-quality human resources" for Binh Dinh province was exchanged. The cooperation agreement aims to research and analyze opportunities for developing resources in the semiconductor and high technology fields in Binh Dinh province, support the province in building partnership programs, training cooperation, and upgrading infrastructure to serve the training and nurturing of skilled labor in the semiconductor and high technology fields. This serves the needs of attracting investment in high-tech fields and the province's economic development goals, contributing to the province's deep involvement in the global semiconductor and high technology supply chains.

Saigontel and the Department of Labor, Invalids and Social Affairs exchanged a memorandum of understanding for cooperation

Also during the event, Energy Capital Vietnam (ECV), a partner of Saigontel's Green Alliance, signed a cooperation agreement on green growth with Binh Dinh province. Through this cooperation agreement, the parties will establish a cooperative relationship to advise on carbon reduction plans and build a Net-Zero roadmap by 2050 for the entire province of Binh Dinh. Additionally, it will support the province in attracting green development capital, contributing to realizing the Vietnamese government's commitment to achieving net-zero emissions by 2050.

Energy Capital Vietnam (ECV) and the Department of Planning and Investment of Binh Dinh Province

exchanged a memorandum of understanding for cooperation

Investment Promotion Department.

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Saigontel and the Green Alliance collaborate with Dong Nai province to organize a conference on the theme "Green Growth - International experience and sustainable development direction for Dong Nai province in 2024" to implement the contents of the Carbon Reduction Project in the province by 2030, with a vision until 2050.

Recently, the People's Committee of Dong Nai province approved the Carbon Reduction Project in Dong Nai province until 2030, with a vision until 2050. The project aims to accurately assess the current level of greenhouse gas emissions in the province and, based on that, set goals, directions, tasks, and solutions for carbon reduction, contributing to achieving the goal of net-zero emissions.

The project demonstrates the province's determination to become a dynamic economy – the driving force for growth and the core of sustainable development in the Southern key economic region, in line with environmentally friendly directions, improving quality of life, and fulfilling national and international climate goals, meeting the deep-seated needs and expectations of local people, businesses, and the international community.

To implement the project, on March 26, 2024, Saigontel and the Green Alliance, in collaboration with the Provincial Party Committee of Dong Nai, organized a conference on the theme "World Net-Zero Trends and Sustainable Green Development Direction for Dong Nai Province." The conference featured presentations by speakers from international organizations and businesses, including Mr. Marc Forni, head of the Low-carbon group at the World Bank; Dr. Do Dinh Chien, project coordinator at Winrock International; Dr. Edison Chen, Senior Advisor to IBM, Chairman of Teala; Mr. Huang Wen-Fen, CEO of NZ Carbon; Mr. David Lewis, President, CEO of ECV (USA); Mr. Ching Hao Yeh, Director of Technology at InSynerger, along with many other international experts. The conference was attended by nearly 300 delegates, including representatives from Party organizations, government agencies, and organizations in the province, state-owned enterprises, foreign-invested enterprises, as well as numerous associations, universities, and colleges in the province.

Speaking at the conference, the Secretary of the Provincial Party Committee of Dong Nai, Nguyen Hong Linh, affirmed that green growth is a global trend and an inevitable development path for the world. Currently, 137 countries, representing 88% of the world's total emissions (including major emitters such as the US, India, China, etc.), have committed to or are moving towards the Net Zero goal, aiming for zero net emissions. Dong Nai province, located in the Southeast region, is the country's fourth-largest economy. The province has over 53,000 active businesses, with more than 1,500 FDI projects and over 1,000 domestic investment projects. Dong Nai is also one of the top five provinces contributing the most to the national budget and is pursuing sustainable development and green growth goals.

At the conference, speakers from international organizations and environmental experts from various countries shared valuable experiences on carbon emission reduction, including ideas and solutions applied in developed countries, such as using LNG instead of traditional fossil fuels as a fuel source; optimizing renewable and traditional energy sources; building smart energy innovation centers; and establishing transparent environmental data disclosure platforms (TEDP). In addition to management solutions, workforce training is also recommended by experts. Therefore, localities need to pay attention to and develop low-carbon workforce training early to meet the requirements of mandatory annual carbon auditing for businesses.

The conference concretized the directions of the Prime Minister's directives on green growth, climate change, contributing to achieving the commitment to reach net-zero emissions by 2050. It aimed to raise awareness among officials, civil servants, organizations, businesses, and the public about climate change, reduce greenhouse gas emissions, and was one of the activities to implement the Carbon Reduction Project in Dong Nai province until 2030, with a vision until 2050, which was approved by the Provincial People's Committee of Dong Nai province.

Investment Promotion Department.

Long An province, situated at the gateway connecting the Southeast region and the Mekong Delta, plays a crucial role in promoting the development of the two key economic regions in the south of Vietnam. Over the years, Long An has consistently attracted attention from both domestic and foreign investors, consistently ranking among the top provinces nationwide in terms of attracting FDI. With the goal of addressing climate change, Long An province is currently developing a direction for investment attraction towards green and sustainable growth.

Recently, the Long An Provincial People's Committee, together with Saigontel and its partners, signed a memorandum of understanding on cooperation in the field of green growth, agreeing to collaborate with the aim of establishing relationships among the parties to advise on carbon reduction plans and develop a Net-Zero roadmap vision until 2050 for the entire Long An province. Additionally, they aim to support the province in attracting green development capital. To materialize these commitments, on March 25th, 2024, Saigontel and the Green Alliance, in collaboration with Long An province, organized a workshop on the theme "Green Growth - International Experiences and Sustainable Development Direction for Long An Province in 2024".

The workshop was chaired by the Chairman of the People's Committee of Long An province, Nguyen Van Ut, and featured speakers from the World Bank, Winrock International, and experienced environmental, financial, and green credit experts from developed countries, including Dr. Edison Chen, Senior Advisor to IBM, Chairman of Teala; Mr. Huang, Wen-Fen - CEO of NZ Carbon - Private carbon credit trading platform in Taiwan; Mr. David Lewis, President, CEO of ECV; Mr. Ching Hao Yeh, Director of Technology at InSynerger; Mr. Chih-Yu, Ting - CEO of Sustainable Development Technology Company Huang Ying, along with many other international experts. The conference was attended by representatives from Party organizations, government agencies, and organizations in the province, as well as over 60 businesses representing investment infrastructure in the province.

Contributing to the content of the workshop, international organizations and environmental experts from various countries shared valuable experiences on carbon emission reduction. Mr. David Lewis, an energy and finance expert representing ECV (USA), presented on the green growth trends of the USA and other countries worldwide, proposing solutions towards a green growth roadmap and global energy transition trends.

Dr. Edison Chen, Chairman of Teala, exchanged experiences on greenhouse gas inventory in Taiwan, where the Taiwanese government has implemented comprehensive and detailed solutions from the central to local levels, such as the Ministry of Environment's announcement of greenhouse gas emissions sources, including major fuel and electricity consumers. Moreover, they require businesses to undergo third-party greenhouse gas audits before the end of August every two years, and have also revised and issued a Handbook on inventory implementation, capacity building, and verification.

During the workshop, Long An province, along with international business delegations, held discussions and shared further in-depth information following the presentations from experts and international representatives. According to the experts, Vietnam has become a focal point in regional supply chain localization, especially during the transition period of artificial intelligence and green economy. Vietnam has become a favored destination for foreign investors, and investing in green industrial parks at this time will align with global investment trends.  

At the workshop, SaigonTel and its partners presented detailed proposals related to the Green Industrial Park project in Long An. According to Saigontel, the construction of the Green Industrial Park in Long An is expected to be implemented in three phases: the Eco-Industrial Park; Carbon Neutral Industrial park; and Net Zero Carbon Industrial Park. The industrial park is expected to attract both domestic and foreign investors in the green industry, creating a safe and friendly working and living environment for workers, while also contributing to environmental protection and minimizing the negative impacts of industrial activities. The project is expected to bring about an advanced, environmentally friendly industrial development model, thereby promoting Long An province's socio-economic development. Saigontel's industrial park model received significant attention and high praise from organizations, businesses, and experts at the workshop. 

The valuable experiences and lessons learned from developed countries on carbon emission reduction at the workshop have raised awareness among officials, civil servants, organizations, businesses, and the public about climate change. This will help reduce greenhouse gas emissions and promote Long An's early adoption of a green growth roadmap to implement the government's directives on green growth and climate change, contributing to achieving the commitment to reach net-zero emissions by 2050.

Investment Promotion Department.

On the afternoon of March 22, Mr. Trinh Xuan Truong, Chairman of the Provincial People's Committee, had a working session with the Delegation of US Enterprises; Saigon Telecommunication & Technologies Corporation (Saigontel); Thanh Loi Trading and Investment Construction Company Limited.

Participating in the working session were leaders of departments: Foreign Affairs, Planning and Investment, Construction, Industry and Trade, Natural Resources and Environment, and the Management Board of the Provincial Economic Zone.On the side of the Delegation of US Enterprises were Mr. David Lewis, Chairman, CEO of Energy Capital Vietnam (ECV); Mr. Carl Anderson, Knights of Columbus Fund Management Company, founder of Rock Spring Law Group.Representing Saigon Telecommunication & Technologies Corporation (Saigontel) was Ms. Nguyen Cam Phuong, General Director.Representing Thanh Loi Trading and Investment Construction Company Limited was Mr. Nguyen Thanh Loi, Chairman of the Company.

At the working session, Mr. Trinh Xuan Truong, Chairman of the Provincial People's Committee, provided a general overview of the socio- economic situation, potential, and strengths of the province.

Mr. Truong emphasized: Lao Cai is currently effectively exploiting four economic pillars, including industry, border economy, tourism, and agriculture-forestry. In terms of tourism, the Sa Pa National Tourism Area is being oriented to become an internationally renowned tourist destination. In addition, Lao Cai has many other promising destinations such as Y Ty, Bac Ha... In terms of agriculture and forestry, Lao Cai has a suitable climate and soil conditions for developing many unique agricultural products.

Lao Cai is located in the economic corridor of Kunming (China) - Lao Cai - Hanoi - Hai Phong - Quang Ninh (Vietnam), serving as a growth pole and economic trading hub between ASEAN and the Southwest - China region. The import-export value before the pandemic reached 3.5 - 5 billion USD. With nearly 200 km of border roads, Lao Cai's consistent policy is to become a connectivity point for trade, tourism, culture, and history.The province's infrastructure connectivity is gradually being comprehensively invested in with expressways and railways, with plans for an airport in the future.

Chairman of the Provincial People's Committee Trinh Xuan Truong provides a general overview of the economic and social situation to the delegation.

In terms of minerals, Lao Cai boasts 35 types minerals with numerous large reserves such as iron, apatite, and copper; the mineral processing industry significantly contributes to the budget. However, the province still lacks industrial facilities for deep processing of minerals.

To efficiently exploit its potential strengths, Lao Cai province is focusing on investing in connectivity infrastructure, such as upgrading the Nội Bài - Lao Cai expressway, constructing the new high-speed railway line Lao Cai - Hanoi - Hai Phong, commencing construction of a Grade 4C airport, and accelerating the planning and implementation of industrial zones and clusters to attract investment.

Mr. Truong suggested that the working group assist in promoting and encouraging domestic enterprises, as well as American enterprises, to explore opportunities and invest in Lao Cai, especially in projects related to advanced technology in mineral processing industries, tourism, services, and agriculture utilizing high technology.

Mr. David Lewis, Chairman and CEO of ECV, expressed his desire to invest in Lao Cai in the field of mineral processing.

Mr. David Lewis, Chairman and CEO of ECV, stated that in the past period, their delegation has visited many provinces in Vietnam to survey and seek investment cooperation opportunities in the field of mineral processing. They have noticed that establishing mineral processing centers near mineral mines like in Lao Cai would be highly advantageous. Mr. David Lewis believes that Lao Cai holds a unique position at the intersection of the Northwest and Northeast regions, with convenient transportationconnections to Hanoi, Hai Phong, and many other potentials and advantages, making it very favorable for attracting investment.

He also expresses his desire for Lao Cai province to support and introduce suitable locations for establishing a specialized industrial zone for mineral processing. American enterprises, with expertise in deep mineral processing and economic strength, are ready to invest in factories, technology transfer, and support workforce training in Lao Cai. These enterprises are committed to using high technology that does not harm the environment, aiming for green and sustainable development.

Ms. Nguyen Cam Phuong, CEO of Saigontel, stated that Saigontel is a member of Saigon Investment Group (SGI), a leading private conglomerate in investment and development of industrial – urban - service clusters. SGI has successfully invested and developed over 30 industrial, urban, and service clusters nationwide. Saigontel hopes to cooperate with Lao Cai to attract enterprises with technology and economic potential to invest.

Chairman of the Provincial People's Committee, Mr. Trinh Xuan Truong, affirmed that Lao Cai always considers the success of investors and enterprises as the success of the province; always offering preferential policies and creating favorable conditions to attract investors to Lao Cai. The investment orientation of American enterprises and Saigontel's partners towards green growth aligns well with the province's development direction.

Mr. Truong proposed that Saigontel and its American partners collaborate with the province to study investing in an industrial zone with a suitable layout and infrastructure conditions aligned with the investment orientation of the partners. Lao Cai province will direct relevant departments and agencies to create favorable conditions for Saigontel to access information and data for researching and developing plans.

Reference: Chủ tịch UBND tỉnh Trịnh Xuân Trường làm việc với Đoàn doanh nghiệp Hoa Kỳ | Báo Lào Cai điện tử (baolaocai.vn)

Cites from baolaocai.vn

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