Vietnamese real estate developer Vinhomes Joint Stock Company has signed a Memorandum of Understanding (MoU) with Japan’s Mitsubishi Corporation to collaborate on urban infrastructure projects across Vietnam.

The strategic cooperation agreement aims to develop modern urban environments featuring integrated infrastructure, shared amenities and green development standards. The signing took place at the Vietnam-Japan Public-Private Forum on Economic and Scientific-Technological Cooperation in Japan, an event hosted by the Vietnamese government and the Japan External Trade Organization (JETRO) during an official visit by General Secretary and President To Lam.

Under the framework of the agreement, the two companies will expand their working relationship beyond housing into commercial real estate, mixed-use developments, digital infrastructure and green initiatives. The infrastructure strand of the deal will see both firms explore opportunities in industrial parks, logistics, data centres, artificial intelligence platforms and broader digital technology projects.

Environmental, social and governance (ESG) commitments form a core part of the alliance. Vinhomes and Mitsubishi Corporation plan to promote green building standards, renewable energy integration and access to green finance, supporting Vietnam’s wider goal to reach net zero carbon emissions by 2050.

Ms. Nguyen Thu Hang, General Director of Vinhomes Joint Stock Company, said: “With similarities in vision, development orientation, as well as management and execution capabilities, Vinhomes and Mitsubishi Corporation will together create modern, smart urban areas with convenient connectivity and meeting international ESG standards in the future.”

The two firms have worked together since 2019 on multi-centred urban developments and megacities in Vietnam. The updated arrangement is intended to strengthen cross-border business connections and support foreign direct investment into the Vietnamese economy as demand grows for sustainable urban infrastructure.