HUNGHAU HOLDINGS PROMOTES STRATEGIC COOPERATION WITH SAIGON NEWPORT CORPORATION

On August 11, at the headquarters of Saigon Newport Corporation (SNP), representatives of HungHau Holdings (HHH) held a working session with SNP’s leadership to align on key cooperation initiatives, aiming to leverage each party’s strengths and expand opportunities for multi-sector development.

Attending the meeting on SNP’s side were Colonel Phung Ngoc Minh – Deputy General Director of Saigon Newport Corporation, and Mr. Dinh Xuan Khanh – Director of Tan Cang Waterway Transport. On HHH’s side were Mr. Vu Quang Chinh – Chairman of the Executive Board of HungHau FMCG Group (HungHau Holdings), along with representatives from the leadership of affiliated units.

According to the agreed framework, HHH and SNP will establish a joint-venture partnership to effectively leverage strategic land resources for the development of key infrastructure projects, including manufacturing plants, wharves, fuel depots, and liquefied gas storage facilities at ports or locations within the SNP system. These projects are of critical importance, not only serving the business operations of both parties but also enhancing the capacity for cargo, fuel reception, storage, and distribution across Southern Vietnam and other major economic regions.

SNP has committed to providing products and services at preferential and competitive rates to support HHH in customs procedures, logistics, warehousing, and in connecting with shipping lines offering international transport services. In particular, SNP expressed its demand for purchasing fuel to supply its transport vessels, thereby increasing the utilization of products and services from both parties.

In addition to discussions on trade and logistics, both parties also agreed to broaden their cooperation in higher and postgraduate education. Specifically, SNP will facilitate opportunities for students and learners within the VHE system to undertake practical training and gain real-world experience at SNP’s educational institutions and ports, thereby enhancing their professional readiness.

With a spirit of goodwill, strong consensus, and strategic vision, HHH and SNP affirmed their determination to effectively implement the agreed initiatives, laying a solid foundation for the sustainable development of HungHau Holdings’ member units—such as HungHau FMCG Group, VHU, and HHD—and making a positive contribution to the overall growth of the economy.