On August 19, 2025, at Stavian Group’s headquarters (Century Tower, Hanoi), in alignment with the historic nationwide infrastructure development initiative in which 250 projects were simultaneously launched across 34 provinces and cities, Stavian Group and Viettel Construction Joint Stock Corporation (Viettel Construction) signed a Memorandum of Understanding on business cooperation and a construction contract for the Administration Building at Stavian Hung Yen Industrial Cluster. This event marks the beginning of a comprehensive partnership between two of Vietnam’s leading enterprises, reaffirming their credibility and capabilities in industry, construction and technological infrastructure.

Stavian Group and Viettel Construction signed MOU for strategic cooperation

Stavian Group is a large-scale multinational industrial–technological and commercial conglomerate, with an ecosystem of over 20,000 customers and partners in more than 100 countries and territories. Stavian Group operates more than 10 manufacturing plants, over 40 logistics centers, 30 global branches and recorded nearly USD 3 billion in revenue in 2024. Viettel Construction – a core subsidiary that laid the foundation for the Viettel Group’s development – is a multi-sector corporation with execution capacity spanning the entire infrastructure value chain, from telecommunications and construction to energy and integrated technical maintenance services. With a pioneering spirit in digital transformation and sustainable growth, Viettel Construction is steadily asserting its leadership not only in Vietnam but also in regional markets.

Under the MOU, the two parties will pursue long-term cooperation across key areas, including: civil construction and the supply chain of metal materials; renewable energy development; financial and trade collaboration; leveraging the global partner ecosystem; research and application of information technology, digital transformation and smart management solutions in operations and logistics; as well as the development of high-quality green metal products that meet international environmental standards.

Stavian Group and Viettel Construction signed construction contract for the Administration Building of Stavian Hung Yen Industrial Cluster

 This cooperation aims not only to harness the strengths, resources and reputation of both parties to expand markets and enhance project efficiency, but also carries strategic significance in three major aspects:

• Integration of industrial–infrastructural value chains: Stavian Group, through its core subsidiary Stavian Industrial Metal Joint Stock Company (Stavian Industrial Metal), will supply industrial metal materials (steel, aluminum, copper, zinc) for B2B projects where Viettel Construction serves as general contractor, both domestically and internationally. At the same time, Stavian Industrial Metal will expand solutions for supplying metal materials to Viettel Construction’s B2C client network. Meanwhile, Viettel Construction will undertake the design and construction of infrastructure, factories and warehouses across over 5,000 hectares of Stavian Group’s industrial zones, as well as deploying telecommunications and technology infrastructure for these projects, based on principles of transparency and efficiency.
• Promotion of green industry and sustainable energy: Stavian Industrial Metal and Viettel Construction will jointly research, invest and engage deeply in renewable energy projects, energy storage systems for telecommunications infrastructure and the development of eco-friendly industrial metal products, aiming to contribute to emission reduction and support Vietnam’s national goal of achieving net-zero emissions by 2050.
• Strengthening international competitiveness: Stavian Industrial Metal will collaborate in international bidding consortia, leveraging both parties’ combined strengths in supply capacity, construction, technology and global partner ecosystems to enhance project quality, progress and financial performance, thereby elevating the global presence of Vietnamese brands.

At the signing ceremony, Mr. David, Nguyen Minh Tu – Vice Chairman of Stavian Group – stated: “The cooperation between Stavian Group and Viettel Construction is the synergy of the production, trade and investment capacity of a multinational industrial–technological group with the implementation, technological and infrastructural strengths of one of Vietnam’s leading enterprises. This forms a solid foundation for both sides to realize large-scale projects that deliver sustainable socio-economic value, while enhancing the global standing of Vietnamese enterprises.”

Mr. David, Nguyen Minh Tu – Vice Chairman of Stavian Group – delivered his remarks at the ceremony

Responding to the remarks from Stavian Group’s representative, Mr. Pham Dinh Truong – General Director of Viettel Construction – affirmed:
“The cooperation between Viettel Construction and Stavian Group is not merely the connection of two prominent corporations, but also clear evidence of Viettel Construction’s capabilities as a general contractor and its execution strength in large-scale industrial and infrastructure projects. We firmly believe that this partnership will extend beyond the implementation of infrastructure projects, opening new pathways for the development of green industry, sustainable energy and the application of advanced technologies in management and operations. With a spirit of dedicated service and extensive implementation capacity, Viettel Construction is fully prepared to accompany Stavian Group in creating new values, contributing to the realization of Vietnam’s Net Zero emission target by 2050, while at the same time strengthening the global presence and competitiveness of Vietnamese enterprises.”

Mr. Pham Dinh Truong – General Director of Viettel Construction – expressed his confidence in the cooperation between the two enterprises

From a strategic perspective, Mr. Do Manh Hung – Chairman of Viettel Construction – emphasized: “This signing ceremony not only marks a new cooperative project but also represents a milestone for a new era of national development. Today, Vietnamese enterprises not only master industrial and technological infrastructure domestically but also meet international benchmarks. As a pioneer, Viettel Construction aims to work with partners to implement projects worth billions of USD, thereby creating a modern infrastructure ecosystem, promoting sustainable development and raising Vietnam’s position on the global economic map.”

Mr. Do Manh Hung – Chairman of Viettel Construction – shared his insights from a strategic perspective

Currently, Stavian Group is simultaneously implementing multiple large-scale projects. The Group values Viettel Construction’s execution capacity highly and expresses confidence that Viettel Construction will be a long-term strategic partner, opening opportunities for new projects that will generate value not only for both enterprises but also for the overall national economy.

The strategic cooperation agreement between Stavian Group and Viettel Construction is expected to create strong momentum for key projects, contributing to the realization of Vietnam’s vision for sustainable industrial and infrastructure development in the context of global integration./.