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.

On the 22nd of September, Long An Provincial People’s Committee enacted Decision No. 9267/QĐ-UBND regarding the establishment of Nam Tan Tap Industrial Park located in Tan Tap commune, Can Giuoc district, Long An province. Accordingly, Nam Tan Tap is established with the following contents:

1. Project title: INVESTMENT IN CONSTRUCTION AND BUSINESS OF INFRASTRUCTURE IN NAM TAN TAP INDUSTRIAL PARK

2. Area:Total area of the industrial park is 244,74 hectares.

3. Location: Tan Tap commune, Can Giuoc district, Long An province

4. Investor:   SAIGONTEL LONG AN COMPANY LIMITED

5. Total investment capital of project: VND 2.590.422.000.000 (Two thousand five hundred ninety billion four hundred and twenty-two million Vietnam dong).

6. Duration of operation of the Project on infrastructure development of industrial park: 50 years from the date of approval of investment policy.

7. Form of organization and management of industrial park:Nam Tan Tap is organized and operated under regulation at Decree No. 82/2018/NĐ-CP dated 22/5/2018 of the Government regarding on managing industrial park and economic zone.

Long An Provincial People’s Committee also assigned Economic Zone Authority to guide Saigontel Long An Company Limited to implement investment in construction of Nam Tan Tap Industrial Park in accordance with regulations at Decree No. 82/2018/NĐ-CP dated 22/5/2018 of the Government; simultaneously, to assume responsibilities to chair, coordinate with relevant Departments, agencies for implementing fully contents of the Prime Minister at Article 2, Decision No. 1420/QĐ-TTg dated 20/8/2021 and other documents of the competent state.

It is known that on the 20th of August, Deputy Prime Minister Le Van Thanh signed a Decision on approving the policy of investment in infrastructure construction and business of Nam Tan Tap Industrial Park.

The full text of the decision as follows:

On September, 22nd, Quang Nam Provincial People’s Committee enacted Official Dispatch No. 2707/QĐ-UBND regarding decision on approving the policy of investment and investors of the project “Investment in construction and business of technical infrastructure of Dong Phu industrial cluster”. This project is invested by Tay Da Nang Investement and Construction Joint Stock Company and Saigon Telecommunication and Technologies Corporation (Saigontel). As to yet, the project has achieved results as attached document.

Accordingly, Quang Nam Provincial People’s Committee approved the investors of the mentioned above project as Tay Da Nang Investement and Construction Joint Stock Company. Some information of the project:

1. Project title: INVESTMENT IN CONSTRUCTION AND BUSINESS OF TECHNICAL INFRASTRUCTURE OF DONG PHU INDUSTRIAL CLUSTER

2. Project goals: Synchronously and completely invest in infrastructure and functional zone to sublease land, collect fees of infrastructure use.

3. Project scale:Land use area is about 45 hectares.

4. Project investment capital: VND 200.000.000.000 (two hundred billion Vietnam dong), of which the contributed capital of investor is VND 50 billion, accounting for 25% of the total investment capital; Mobilized capital: VND 150 billion, accounting for 75% of the total investment capital.

5. Project’s duration of operation: 50 years, from the date the Decision is approved by Quang Nam Provincial People’s Committee

6. Project location: Dong Phu village, Dai Hiep commune, Dai Loc district.

7. Basic construction progress and putting the work into operation: From June, 2021 to December, 2023: Carry out procedures on investment, land, construction, environment, fire prevention and fighting, compensation, site clearance, leveling, complete technical infrastructure system. From January, 2024: Starting to put into operation and business.

According to decision, Quang Nam Provincial People’s Committee also assigned responsibilities to Tay Da Nang Company and related agencies, departments in implementing of the investment project./.

The full text of the decision as follows:

At 14:00 PM on the 10th of September, at Tan An City Party Hall, an on line conference was held to approve ideas, tasks of central urban planning, highlight works in Tan An city. Accordingly, representatives of consulting companies presented planning planning projects, works project and proposed ideas for urban-service area at ward 5 and Huong Tho Phu commune; Vam Co Tay riverside urban area - ward 5 and Huong Tho Phu commune.

On the side of provincial leaders, there was attendance of Provincial Party Secretary, Chairman of Provincial People’s Council - Nguyen Van Duoc; Permanent Provincial Party Deputy Secretary - Nguyen Thanh Hai; Provincial Party Deputy Secretary, Chairman of Provincial People’s Committee - Nguyen Van Ut; Vice Chairman of Provincial People’s Council - Mai Van Nhieu; Vice Chairman of Provincial People’s Committee - Nguyen Minh Lam.

On the side of the planning sponsor, there was attendance of Ms. Nguyen Cam Phuong – General Director of Long An Development Invest Joint Stock Company (LADIC). There was also attendance of consulting company Newlife.

Overview of the conference

At the conference, Permanent City Committee of the Party reported the process of approving ideas, tasks of planning central urban areas, highlight works of Tan An city.

Service-urban area at ward 5 and Huong Tho Phu commune has an area of 60,2 hectares. This project plays a role as a highlight urban area of the city, as a center of public space combined between history, culture - landscape and nature; simultaneously as a central park, trade and service, utility areas, independent and synchronous infrastructure system and technical infrastructure corridor, river corridors.

Perspective of service-urban area project at ward 5 and Huong Tho Phu commune

Vam Co Tay riverside urban area - ward 5 and Huong Tho Phu commune has an area of 36,7 hectares. This project located at an important location, highlight urban area in Vam Co Tay river, as a public service center, commercial service center, urban entertainment - tourism service. Simultaneously, it is a modern residential area combined with high-rise and adjacent commerce - commerce as well as landscape park and entertainment along with Vam Co Tay river.

Perspective of Vam Co Tay riverside urban area project at ward 5 and Huong Tho Phu commune

Consulting companies also presented planning projects and works project at the aforesaid urban areas. The planning idea of Long An Development Invest Joint Stock Company highly approved and supported by leaders of Long An province.

On June, 16th at Long An Provincial People’s Committee, Nhat Tam Investment and Service Joint Stock Company reported project of Long An Garbage proposal plant to the provincal leaders. This is a project to treat domestic and industrial waste in accordance with the management of solid waste (CTR) and domestic solid waste (CTRSH) of Long An province, with high feasibility and efficiency.

Attending the meeting, on the side of Long An province, there were Mr. Nguyen Van Ut - Provincial Party Deputy Secretary, Chairman of Long An provincial People’s Committee and representatives of departments, boards and industries.

Representative of Nhat Tam Investment and Service Joint Stock Company ( a member company of SAIGIONTEL GROUP), Ms. Nguyen Cam Phuong - Chairman of the Board of Directors.

Overview of the meeting

Modern waste treatment technology

At the meeting, Mr. Pham The Truong - General Director of Nhat Tam company said that the construction project of Long An garbage disposal plant had evaluated for preliminary feasibility and supported from Korea International Cooperation Agency - KOICA in Vietnam.

Technology of Nhat Tam company does not burn garbage to generate electricity like others current waste treatment plants, it will thoroughly resolve long-term underground landfills and daily-life waste, simultaneously take advantage of organic fertilizer created by trash to bring benefits for local agriculture.

CTRSH treatment system of Nhat Tam is chosen from 6 technologies (integrated from patents, technology certificates)

All treatment plants are 95% automation. After treatment processing, the plant will recover 2 main products. Firstly, inorganic products turned to combustion fuel. Secondly, remaining organic products from from humus to be used as fertilizer to serve fields, crops, after harvests it will become combustion fuel.

Patents of CTRSH system – Long An Garbage Disposal Plant

High efficiency

With a total construction area of about 1.650 -1.700 hectares, the project has a closed model of agriculture, industry, energy creating mutually complementary value chain. The project is expected to solve the waste problem in the province in case the volume of waste is increasing and the former methods shall not satisfy the requirements.

Technology helps to thoroughly handle the environmental pollution problem, minimizing the landfill area. In addition, Long An Garbage Disposal Plant shall supply electricity to the natioanl grid, contributing to social-economic development, contributing to the budget and reduce electricity load for the locality. The project also creates jobs for 2.000 workers.

It is estimated that with 600 tons of garbage per day, Long An garbage disposal plant shall creat 90 tons of microbiological fertilizer per day, such amount of fertilizer is enough for 1.600-1800 hectares of high-quality crops. The total generating capacity is 50MW.

The technology og Long An Garbage Disposal Plant shall thoroughly handle the environmental pollution problem, minimizing the landfill area

Speaking at the meeting, Mr. Nguyen Van Ut – Long An Provincial Deputy Party Secretary, Chairman of Long An Provincial People’s Committee highly appreciated the report on the Long An garbage disposal plant of Nhat Tam company. He said:” Generally, the demand for scrap burning is really suitable for the situation of Long An provinve. Especially, infrastructure of Long An has not satisfied the large amount of garbage. However, the provine shall consider further as well as study more about the land bank of the province.”

(Communication department quoted verbatim as follows)

Dear the Board of Directors

Da Nang is one of the cities heavily affected by the pandemic. Overcoming many obstacles, Bau Tram social housing project implemented by SGU continues to carry out and it is expected to be topped out at the end of this year.

It is not only enough legal procedures to implement the project, on June, 17th, 2021 Da Nang Department of Construction approved selling price for all 1.549 apartments in phase 1 including 4 blocks of the project.

After the process of research and negotiation: Today, the Board of Directors officially signed agreement with partner to sell all 274 commercial apartments with the value of VND 283.7 billion. The Board of Directors of SGU will continue to sell remaining 1.275 apartments at the end of this year, promising to bring great revenue for the company.

Not only that, it is expected that in early September, the Company will continue to break ground and deploy phase 2 with 6 blocks, total number of 1.809 apartments and will open for sell in the early next year. Bringing revenue and stable jobs in the following years.

SGU aims and determines to complete the handover and put into use the first 1.549 apartments in early August, 2022.

Some overview pictures of phase 1 of the project:

Pictures of construction on the works site on August, 12th, 2021

On July, 27th an economic foreign event was held by Vietnamese Embassy in India to connect Indian investors with the localities of Vietnam. The meeting helped the parties explore and understand the cooperation possibility and came up with idea of construction for the first specialized industrial park model for pharmaceuticals in Vietnam under Pharma Park model which successfully implemented in India.

Overview of the meeting 

The meeting was attended by Mr. Pham Sanh Chau - Vietnamese Ambassador in India, Indian investors delegation (especially Global Pharmaceutical - the largest pharmaceutical in India). On the side of Vietnam, there were attendance of leaders of Provincial People’s Committee, Economic Zone Authority of 14 provinces. Of which, SAIGONTEL received direct invitation by the Embassy to introduce idea of construction a model with the attendance of the global strategy consulting company - Roland Berger.

Indian investors are looking for partners and investment location in accordance with Vietnam Pharma Park with a scale of 600-1000 hectares, total investment capital up to USD 500 million, expected to export to the world up to USD 5billion and contribute to create jobs for more than 250.000 workers. 

Some fundamental requirements for investing Pharma Park including: Convenient geographical location, near seaport but not too far city center, ideal area of 500-1000 hectares, at least 100 hectares for development of supporting industrial park; ensure energy source, clean water and human resources for production...

at the meeting, Vice Chairman of Long An Provincial People’s Committee - Mr. Nguyen Minh Lam emphasized potentials, advantages and development space of Long An. Saigontel continued to introduce the thoroughly researched model of specialized industrial park for pharmaceuticals, expected to be applied for Tan Tam industrial park. This industrial park completely meet the standards of land bank, infrastructure, human resources... Tan Tap industrial park will be planned into Long An Coastal Economic Zone, bringing highest investment incentives and the best support in terms of regional connectivity.

In addition, the Ministry of Investment and Planning and the Minister - Mr. Nguyen Chi Dung specially entrusted SAIGONTEL to coordinate in developing Innovation Hub model in 4 localities, including Long An that will help maximize general synergy for regional economic development.

After the presentation of SAIGONTEL and Long An provincial delegation, investors said: “We were vey impressed by Saigontel’s presentation. Some interesting things are that Long An has enough large land area, near airport and seaports. The delegation will contact to learn more about incentive policies”.

Currently, FID capital flows are increasing in Vietnam pharmaceutical market, pharmaceutical industry has been received many incentives by the Government...which has promoted SAIGONTEL in attracting investment, developing specialized industrial park model for Pharma Park in Tan Tap industrial park, Long An with a scale of more than 650 hectares. According to The Economic Times, Vietnam & India will be 2 main pillars in the global supply chain re-established after the pandemic.

In the afternoon of July, 15th, 2021, the General Secretary - Mr. Nguyen Phu Trong and the President - Mr. Nguyen Xuan Phuc had a phone conversation with leaders of countries with strategic cooperation of Vietnam, including South Korea President - Mr. Moon Jea In.

During the discussion with the General Secretary - Mr. Nguyen Phu Trong and the President- Mr. Nguyen Xuan Phuc, Korea President - Mr. Moon Jea In stated that Vietnam is a central country in the policy “new southern enlargement” of Korea, simultaneously expressed his desire to promote friendly cooperation between the two countries.
The General Secretary - Mr. Nguyen Phu Trong also emphasized to create favorable conditions for Korean businesses to expand investment in Vietnam. The leaders of the two countries agreed to continuously promote cooperation in many fields, especially in the supply of COVID-19 vaccines. 

The President - Mr. Nguyen Xuan Phuc welcomes the Ambassador and Korean enterprises

In the afternoon, on the side of Vietnam, the President - Mr. Nguyen Xuan Phuc had welcomed and worked with Mr. Park Noh Wan - Ambassador extraodinary and plenipotentiary, Korea Chamber of Commerce in Vietnam and Korea Corporations such as: Samsung, Lotte, Hanwha, SK, Daewoo, LG, IBK, Posco, etc. In which, SAIGONTEL is only Vietnamese enterprise invited by the Korean Embassy to join the dialog with the President as a strategic partner.

SAIGONTEL was honored to receive a medal of commendation of the President

SAIGONTEL together with Korea Corporations visited and worked at Vietnam Government Office

At the meeting, the President Nguyen Xuan Phuc praised Korean enterprises for their good compliance of epidemic prevention and control in production, contributing a large amount of USD for vaccine fund of Vietnam. The President emphasized that Korea is a powerful country of pharmaceutical segment, many kinds of vaccine have been accepted by the world. Therefore, the President wants Korean businesses to study and transfer vaccine production technology. Simultaneously, the Government also undertake to create the best condition for Korean enterprises doing business in Vietnam.

SAIGONTEL together with Korea Corporations visited and worked at Vietnam Government Office

Speaking at the meeting, Korean Ambassador Park Noh Wan said that Korea undertake to promote the research center, technology transfer and vaccine production to Vietnam through cooperating between Samsung, SK and Vietnamese partners. Simultaneously, the Ambassador stated that Korean businesses will continue to mutually help Vietnam to complete successfully “co-duty” and undertake to invest USD 25 billion in 2021-2022.

On July, 19th, 2021, Saigon Telecommunication and Technologies Corporation - SAIGONTEL, Roland Berger and Korean Association in Vietnam (KUAV) had a meeting with leaders of Hai Duong province to present idea of planning for development industrial zone in Red River Delta in Thanh Mien and Binh Giang districts, Hai Duong province. In which, proposed an innovation and startup hub is the core. Simultaneously, proposed to promote investment promotion in Korea market for Hai Duong province in 2021-2022.

On the side of the province, there was attendance of Mr. Pham Xuan Thang (Hai Duong Provincial Party Secretary); Mr. Luu Van Ban (Member of Provincial Standing Committee, Vice Chairman of Hai Duong Provincial People’s Committee); Mr. Tran Van Quan (Member of Party Secretary, Vice Chairman of Hai Duong Provincial People’s Committee) and Directors of departments, boards, industries, Industrial Zone Authorities.

On the side of Saigontel Group, there was Ms. Nguyen Cam Phuong - General Director; Mr. Nguyen Anh Tu - Deputy General Director and leaders of member companies of SAIGONTEL. In addition, there was attendance of Mr. Bui Dao Thai Truong - Deputy General Director of Roland Berger in Southeast Asia; Mr. Pham The Truong - Member of the Board of Directors of Nhat Tam company; Mr. Yoon Sang Ho - Chairman of Korean Association in Vietnam, General Director of SMBL.

Overview of the meeting between the leaders of Hai Duong province, Roland Berger, SMBL and Korean Association in Vietnam

The idea of development Hai Duong into an industrial zone in the Red Rivel Delta to seize global trend that develops new industrial park, seize FDI flow towards Vietnam and bring into play the potential and strengths of Hai Duong province. The attendee highly agreed with the vision of Hai Duong province to become a dynamic industrial zone in Red River Delta with 3 main development pillars as proposed, namely hi-tech specialized industrial park and innovation hub linking value chain.

SAIGONTEL and Roland Berger affirmed that: Thanks to the development of infrastructure and connected transport, industrial real estate in the North has been more prominent, attracting signigicant foreign investment. In which, Hai Duong located at the center and it is convenient for the province to receive synergic value from its neighboring provinces. It is expected that in 2030, industrial GRDP of the province will reach VND 180.000 billion, contributing 60-70% to GRDP.

The attendees highly agreed with the vision of Hai Duong province to become a dynamic industrial zone in Red River Delta.

Mr. Pham Xuan Thang also suggested advisory company to supplement and complete the idea to highlight specific potential and the unique strength of Hai Duong and request to expand the boundaries, scope of research to over 10.000 hectares that enough investment attraction for the industrial zone...Simultaneously, transport industry is assigned to advise on the expansion, upgrade routes to ensure development; of which focusing on upgrading Hanoi - Hai Phong expressway route.

In conclusion of the meeting, Provincial Party Secretary - Mr. Pham Xuan Thang highly appreciated the idea of developing a dynamic industrial zone propsed by SAIGONTEL and advisory companies.. He said that the idea with vision matching with the thinking and aspirations set out by Hai Duong province to 2030 is “Green growth, digital transformation, promotion of innovation for breakthrough development, sustainability, upgrade the position of Hai Duong”. 

Provincial Party Secretary - Mr. Pham Xuan Thang highly appreciated the idea of developing a dynamic industrial zone propsed by SAIGONTEL and advisory companies.

Mr. Yoon Sang Ho – Chairman of Korean Union Association in Vietnam sent thank-you letter to Saigon Telecommunication and Technologies Corporation (SAIGONTEL). The content of the letter is about Saigontel’ s active support for Korean Union Association in Vietnam on creating cooperation relationship with the provinces, simultaneously helps businessmen, Korean in the Association to access vaccine preventing Covid-19.

Specifically, as follows: “…We would like to send to Saigon Telecommunication and Technologies Corporation (SAIGONTEL) sincere thanks for being connector to help Korean Union Association in Vietnam as well as Korean investors had chance to meet and work with departments, boards, industries, thereby widen cooperation relationships, especially implementing to get vaccine for businessmen, community of Korean in the Association to prevent covid-19 during this time…”.

Mr. Yoon Sang Ho also stated that SAIGONTEL is one of businesses that have active support the disease control and prevention in the country, as well as supporting foreign citizens living in Vietnam.

It is known that, in recent investment promotion events Saigontel played a role as connector between Korean investors and the provinces: Long An, Hai Dương…

Thank you letter as follows: