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KINHBAC CITY DEVELOPMENT

HOLDING CORPORATION

KBC PARTICIPATED IN SIGNING A COOPERATION MEMORANDUM OF UNDERSTANDING AT THE CONFERENCE TO PROMOTE COOPERATION AND DEVELOPMENT IN THE CONSTRUCTION FIELD BETWEEN JIANGSU PROVINCE (CHINA) AND HO CHI MINH CITY (VIETNAM)

On December 12, 2023 afternoon, at Landmark 81 Hotel, Ho Chi Minh City held a Conference on promoting development cooperation in the field of construction between Jiangsu province (China) and Ho Chi Minh City (Vietnam). The workshop was organized to strengthen cooperation between the two partners in fields such as construction, infrastructure, construction machinery and real estate investment, ... KBC, along with Chinese partners, participated in signing a Memorandum of Understanding on cooperation in the field of industrial real estate right at this event.

City government leaders of Ho Chi Minh City (Vietnam), Jiangsu province (China) and representatives of companies from both countries at the event

The two countries including Vietnam and China are trading partners of each other, the bilateral industry and investment chains of the two countries is increasingly stronger and stronger. In recent years, Vietnam and China have gradually developed exchanges and cooperation in the fields of politics, economics and trade, investment, infrastructure construction, healthcare, science and technology, etc and have achieved much success. Vietnam is an important cooperation partner and the largest trade partner in the ASEAN region of Jiangsu province, and is also the 4th largest investment destination in the ASEAN region of Jiangsu province. The Conference on Promotion of Development Cooperation in the Construction Field between Jiangsu Province and Ho Chi Minh City was organized for the parties to seek opportunities for trade cooperation and promote mutually beneficial development.

The Conference was attended by Mr. Bui Hong Minh - Deputy Minister of Construction, Mr. Bui Xuan Cuong - Vice Chairman of the City People's Committee of Ho Chi Minh City, etc on the Vietnamese side and Mr. Cui Wei - Deputy Chief Secretary of the People's Government of Jiangsu Province, etc on the Chinese side; and representatives of many large Vietnamese enterprises and companies’ leaders from Jiangsu province (China) in the fields of real estate investment, construction, and design. Ms. Nguyen Thi Thu Huong, representing KBC, attended this Conference with the purpose of meeting and discussing with companies from Jiangsu province (China). All parties attending created friendly cooperative relationships, contributed to further promoting economic cooperation, trade, investment, and comprehensive development between the two countries Vietnam and China.

Ms. Nguyen Thi Thu Huong - General Director of KBC spoke at the Conference

In addition, at the Conference, KBC and its Chinese partner - Zhong Yi Feng Group - a large and reputable Chinese construction enterprise, held a signing ceremony of a Memorandum of Understanding on cooperation in the field of industrial real estate. Zhong Yi Feng has been operating in Vietnam for more than 7 years and is the general construction contractor of many large projects in Vietnam, many of which are large industrial factories of investors renting land at KBC's industrial parks.

KBC leaders and Zhong Yi Feng Group (China) leaders signed a Memorandum of Understanding on cooperation in the field of industrial infrastructure development

KBC and Zhong Yi Feng have established a long-term business cooperation relationship based on their experiences and strengths in the fields which both parties are leading in Vietnam. After learning about and witnessing the success of many large construction projects for corporations in industrial parks in which KBC is the investor, the two sides decided to cooperate, focusing on industrial factory solutions, developing industrial park infrastructure and factories for rent with high technology standards, high quality and professional techniques, providing many reliable choices for FDI investors from China and other countries in the region.

KBC and Zhong Yi Feng’s leaders at the event

KBC General Director expressed her sincere thanks to the leaders of Vietnam and China as well as their companies. She also looked forward to continuing to receive support from Vietnamese and Jiangsu (China) governmental agencies for quick and effective cooperation projects. KBC, with experience and reputation in the field of investment in industrial park development and investment attraction, hopes to always be supported and be able to accompany investors and companies, commits to bringing effective values contributing to the success of investment projects of investors in Vietnam.

KBC's Chairman

Mr. DANG THANH TAM

Chairman

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