Hanoi Young Business Association Visits VIMID: Strengthening Connections – Fostering Sustainable Collaboration

15/05/2025
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On May 15, 2025, Vietnam Machine Investment Development Joint Stock Company (VIMID – stock code VVS) had the honor of welcoming the leaders of the Hanoi Young Business Association (HANOIBA) to its headquarters in An Hung (Ha Dong, Hanoi). The meeting took place in a warm, open, and engaging atmosphere, focusing on key discussions such as VIMID’s strategic orientation in its new development phase, exploring potential areas of collaboration, and fostering mutual understanding and partnership to overcome current economic challenges — all aimed at promoting sustainable growth within the Hanoi Young Business community.
The HANOIBA delegation was led by Mr. Tran Dang Nam – Chairman of the Association, accompanied by Vice Chairmen and prominent member representatives. Notably, Mr. Nguyen Vu Tru – Chairman of the Board of VIMID and Vice Chairman of HANOIBA, chaired the reception and shared VIMID’s strategic vision as well as its commitment to expanding collaboration between the company and the Association’s business network.

Working Session Between VIMID Leadership and the Hanoi Young Business Association (HANOIBA)

During the visit and working session, VIMID presented its outstanding achievements over more than 15 years of development, along with its vision for innovation and strategic plans for the coming phase. A key highlight was the company’s core project — a truck manufacturing and assembly plant in the Nam Dinh Vu Industrial Park (Hai Phong), with an annual capacity of 10,000 products, covering an area of 10 hectares and a total investment of approximately USD 50 million. This marks a strategic milestone that emphasises VIMID’s ambition to master the value chain, enhance its competitive capabilities, and gradually realize the goal of sustainable growth for Vietnam’s transportation industry.

The company also reaffirmed its commitment to improving operational efficiency while actively seeking partnership opportunities and expanding its network within the young business community. Through such initiatives, VIMID aims to contribute to building a dynamic, innovative, and socially responsible business environment — one that aligns with the ongoing trends of digital transformation and deeper international integration.

Speaking at the meeting, Mr. Nguyen Vu Tru, Chairman of the Board of VIMID, expressed his appreciation for the visit from HANOIBA’s leadership and shared insights into VIMID’s growth journey as a leading importer and distributor of medium and heavy-duty trucks in Vietnam. He emphasized the vital importance of solidarity and collaboration within Hanoi’s young business community, considering it a solid foundation for sustainable growth. Such cooperation, he noted, enables enterprises to overcome challenges, seize emerging opportunities effectively, and collectively strengthen competitiveness while contributing to the overall development of the national economy.

Chairman Nguyen Vu Tru presents flowers to HANOIBAl’s chairman Tran Dang Nam, symbolizing respect and partnership between the two sides.

In response, Mr. Tran Dang Nam, Chairman of HANOIBA, expressed his sincere gratitude to VIMID for the warm and thoughtful welcome. He highly praised VIMID’s strategic progress — particularly the establishment of its truck manufacturing and assembly plant in Vietnam — as a visionary step toward strengthening domestic industry. He reaffirmed that HANOIBA remains committed to listening to and supporting its members’ initiatives, proactively connecting resources, and fostering collaborations that empower the Hanoi young business community to develop sustainably and collectively thrive.

The meeting concluded with moments of friendly exchange, commemorative photos, and warm handshakes — symbolizing a spirit of cooperation and shared growth. Built on openness and mutual respect, the session was not only an opportunity for experience sharing but also a meaningful step toward future collaborative projects between VIMID and HANOIBA.

VIMID and HANOIBA leaders captured a commemorative photo in front of VIMID’s headquarters, marking a memorable milestone of connection and partnership.

In a time when young enterprises face numerous challenges from economic integration and digital transformation, mutual understanding, support, and collaboration have become essential foundations for implementing practical initiatives that drive sustainable development. This event reaffirmed both organizations’ commitment to building a dynamic, innovative, and socially responsible ecosystem of young entrepreneurs, contributing to a strong foundation for the socio-economic growth of Hanoi in particular — and Vietnam as a whole.

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