Mr. Johnathan Hanh Nguyen, Chairman of Imex Pan Pacific Group (IPPG), recently represented IPPG in signing investment cooperation agreements in the United States with three U.S. partners to promote the construction of financial centres and a range of other projects in Vietnam.

Mr. Johnathan Hanh Nguyen, Chairman of Imex Pan Pacific Group (IPPG), represented IPPG in signing investment cooperation agreements with three US partners

Participating partners include: Mr. Howard W. Lutnick, Chairman and CEO of Cantor Fitzgerald L.P. This is one of the world’s leading financial services firms, founded in 1945, with a presence in 30 countries and a network of over 5,000 clients and institutions. Cantor is involved in equities, fixed income and currencies, investment banking, as well as prime services, real estate, and affiliates.

Mr. William P. Weidner, President and CEO of Weidner Resort Development, Inc. - Gaming Asset Management, is the second. This is a Las Vegas-based company that specializes in the investment and operation of major resort and casino service projects in the United States (USA). The company has invested in complicated, world-class resort projects like Singapore's Marina Bay Sands, Las Vegas' Venetians, Macao, Manila, Philippines, and the Bahamas.

Mr. Paul Steelman, Chairman and CEO of Steelman Partners, comes in third. This is an industry-leading architectural firm specializing in the design of innovative, memorable, and revenue-producing projects worldwide, having executed over 4,000 casino entertainment and resort projects in countries such as Singapore, Russia, and Switzerland. Switzerland, Australia, and Italy, to name a few.

IPPG inked investment cooperation agreements with three partners to expedite the realisation of 45 major projects that the company is studying and developing in Vietnam. Last August, Mr. Johnathan Hanh Nguyen reported in writing to the Prime Minister on IPPG’s investment in key projects. Accordingly, IPPG, along with investment partners from the United States, Korea, and other countries, has actively worked with relevant provinces, cities, ministries, and sectors in the past to investigate and develop 45 major projects in Vietnam. The projects are split into five investment categories:

First, invest in international and regional financial centres in Ho Chi Minh City and Da Nang City. Shearman & Sterling (UK) and a domestic consulting firm finished the project's draught and forwarded it to local and central ministries for feedback before presenting it to the Government. On July 21, 2021, the draught of this project was authorised in writing by the US investor - Cantor Fitzgerald.

Second, make investments in non-tariff zones. IPPG has been selected as an investor for the Phu Quoc non-tariff zone project (via bidding) by Kien Giang Province, and IPPG is launching scheme in Van Phong Economic Zone - Khanh Hoa Province, Da Nang City, Quang Ninh Province, and Can Tho City to complete the investment preparation procedures, select investors in accordance with the law, and study the necessary operating mechanisms to bring this business to fruition as soon as possible.

Third, invest in airport city development. This is a model and trend that advanced nations have established in recent years. These areas will concentrate on airports, developing and expanding service, commerce, and logistical operations in and around the airport. IPPG has worked with Phu Quoc City (Kien Giang), Cam Ranh City (Khanh Hoa), Long Thanh District (Dong Nai), Can Tho City, and Noi Bai airport (Hanoi) to propose planning ideas, collaborate with partners, and complete the necessary legal procedures to invest in developing airport cities in Vietnam.

Fourth, invest in the development of smart cities, resorts, and community health. These projects are invested in and developed in collaboration with the aforementioned financial centres and non-tariff zones to ensure synchronisation and complete performance during the exploitation and operation phase.

Fifth, establish the IPP Air Cargo and the distribution warehouse system of the logistics center Bellazio Logistics. On average, foreign carriers control 88% of Vietnam's freight market. IPPG is investing in a centralized warehousing and logistics infrastructure, as well as modern management and exploitation technologies, in key provinces and cities throughout Vietnam in order to reduce the gap between domestic and international shipping. As a result, the IPPG recently sent a dossier to the Ministry of Transport and requested authorization from the Prime Minister to establish the IPP Air Cargo (independent of passenger airlines).

The team of US investors, led by Mr. Johnathan Hanh Nguyen, met with Prime Minister Nguyen Xuan Phuc and a high-ranking Vietnamese delegation in New York (USA) on September 21, 2021

“Leading international enterprises in finance (Cantor Fitzgerald), tourism, hotel, casino (Weigner Resort - Gaming Asset Management), real estate (Steelman Partners), and non-tariff business (DFS and Lotte Duty Free) are partnering with IPPG, as are partners from Korea, Japan, and Europe. With aviation capacity and experience of IPPG, as well as the strength of owning a distribution system of 108 international brands in Vietnam ..., we are committed to being able to implement the investment plans for the aforementioned projects and support public investment capital for the provinces, with an estimated total investment capital of hundreds of billions of dollars,” said Mr. Johnathan Hanh Nguyen, Chairman of IPPG.

The IPPG Chairman stated that this is a passionate project that the group has studied for a decade, with a vision for the next 20-25 years, with the goal of accompanying the policies of the Party and Government, striving for Vietnam to be a developed country with a modern industry, high middle income by 2030, and a developed country with high income by 2045.