Vingroup signed an MoU with global investment firm JTA Investment Qatar on March 3, opening up strategic investment opportunities in the electric vehicle and tourism sectors.
JTA Investment Qatar has recognised VinFast’s global growth strategy, alongside the significant value of Vinpearl’s premium hotels and resorts, leading amusement parks, and entertainment clusters, and is aiming to join Vingroup in capitalising on these investment opportunities.
The MoU outlines JTA Investment Qatar’s expressed interest in strategic opportunities within Vingroup’s core business sectors, specifically its industrial and technology, and real estate and services pillars.
JTA Investment Qatar will explore a potential equity investment of at least $1 billion in VinFast, the Nasdaq-listed pure-play electric vehicle (EV) manufacturer, as well as a strategic partnership aimed at supporting VinFast’s global expansion and technological development.
In the real estate and services pillar, JTA is exploring investment opportunities in Vinpearl’s managed and operated 5-star hotels, resorts, and amusement parks, which are prominently located in prime tourism areas.
Furthermore, JTA Investment Qatar and Vingroup are actively pursuing the establishment of joint ventures to expand and enhance Vinpearl’s service offerings (including hotels and resorts, amusement parks, and golf courses), particularly in high-growth tourism markets where Vinpearl maintains a strong market presence.
Under the MoU, the companies will engage in discussions to define their future collaboration in pursuing mutually beneficial objectives.
JTA Investment Qatar will leverage its investment expertise, financial resources, and extensive partner network to facilitate capital deployment for Vingroup’s strategic business segments, including VinFast and Vinpearl.
Concurrently, Vingroup will contribute its operational expertise, execution capabilities, domestic market leadership, and global market potential to optimise shared value and achieve the strategic opportunities and missions of both entities in the technology, infrastructure, and tourism sectors.
Amir Ali Salemi, founder and CEO of JTA Investment Qatar, said, “By leveraging our expertise and resources within the energy, technology, infrastructure, and tourism sectors, we are thrilled to contribute to the advancement of Vingroup’s strategic objectives and promising business areas, with a particular emphasis on VinFast and Vinpearl. This collaboration will generate mutually beneficial business opportunities and facilitate Vingroup’s strategic expansion into international markets.”
Le Thi Thu Thuy, vice chairwoman of Vingroup, shared, “We are honoured to partner with JTA Investment Qatar, and we are confident that this collaboration will unlock significant opportunities for Vingroup and its subsidiaries to drive technological, infrastructural, and sustainable economic advancement in Vietnam, while establishing a foundation for international expansion. Leveraging the combined strengths of Vingroup’s ecosystem and local expertise with JTA Investment Qatar’s experience and resources, we anticipate successful projects that foster sustainable progress, and technological innovation in key sectors like EVs and tourism, contributing to the greater good.”
Building upon its established domestic success, Vingroup is continuing to pursue its global expansion, notably through VinFast’s strategic entry into key markets across North America, Europe, India, Southeast Asia, and the Middle East.
