On October 9, 2024, Mr. Khuong Van Cuong, CEO of DEOCA Group, hosted a meeting with ITOCHU Vietnam Co., Ltd. (part of ITOCHU Corporation, Japan) to discuss plans for cooperation in machinery investment, green energy and PPP project investments in Vietnam.
During the meeting, Mr. Cuong provided insights into the various transportation infrastructure projects DEOCA Group has been investing in, constructing, and managing across the country. Additionally, the CEO shared the Group’s investment goals for railway infrastructure, with a particular focus on the high-speed North-South railway and urban metro lines in the near future.
“DEOCA Group is aiming to gradually automate and modernize its machinery management and maintenance systems. Given our current and upcoming workload, the demand for machinery investment within the Group is substantial”, Mr. Cuong noted.
DEOCA Group and ITOCHU discuss green energy initiatives in project collaborations.
Representing ITOCHU, Mr. Yoshihiro Wakui, Director of Machinery and Projects at ITOCHU Vietnam, expressed ITOCHU’s keen interest in collaborating with DEOCA Group. Recognizing DEOCA as a leading investor in Vietnam’s transportation infrastructure, ITOCHU is eager to partner as a machinery supplier for DEOCA’s projects, covering both the construction and operational management phases. ITOCHU is also committed to supporting the Group with machinery management training, operations, and maintenance.
Furthermore, Mr. Wakui shared ITOCHU’s interest in financial collaboration for DEOCA’s PPP infrastructure projects. The company also plans to introduce renewable energy solutions, such as wind and solar power, aimed at integrating green energy into DEOCA’s expressway management, service stations, and other operations. The adoption of renewable energy aims not only to maximize profits but also to fulfill societal demands for green, environmentally friendly, and sustainable development.
In the near future, the two parties will continue to work towards specific partnership agreements.
ITOCHU is a leading economic conglomerate in Japan with a history spanning nearly 160 years and around 120 subsidiaries operating in 63 countries worldwide, including Vietnam. The corporation is active in multiple sectors, including import-export trade, financial investment, renewable energy, and machinery.
NGUYEN NGA
