On November 5, 2026, in Hanoi, Transport Engineering Consultant Investment Joint Stock Company No. 1 (TECCO1) and PowerChina Vietnam Limited Company (PCVN) held a signing ceremony for a Memorandum of Understanding (MOU), marking a new milestone in the cooperation between the two companies. The MOU aims to leverage their respective strengths and resources to jointly identify, develop and implement project opportunities in the Vietnamese market.
Attending the ceremony, PowerChina Vietnam was represented by Mr. Wu Di, Chief Representative of PowerChina in Vietnam, while TECCO1 was represented by Mr. Bui Tran Long, Chairman of the Board of Directors, and Mr. Nguyen Trong Nghia, Chief Technology Officer, together with other senior leaders and technical staff from both organizations.
Mr. Nguyen Trong Nghia, representing TECCO1, and Mr. Wu Di, representing PowerChina Vietnam, perform the signing ceremony of the Memorandum of Understanding (MOU)
Leveraging Complementary Strengths to Explore Opportunities in the Vietnamese Market
At the ceremony, Mr. Wu Di expressed his high appreciation for Vietnam's achievements in socio-economic development, particularly the significant progress made in investment in and development of transport and energy infrastructure. Having learned about TECCO1's operations and capabilities, he recognized the company as a major Vietnamese enterprise with extensive experience and a strong position in transport infrastructure consultancy. He also expressed his pleasure at establishing a cooperative relationship with TECCO1, with a view to jointly exploring and sharing business, investment and project development opportunities in Vietnam.
Mr. Wu Di also introduced POWERCHINA as one of China's major construction and investment groups, with the capability to provide integrated services throughout the entire project lifecycle, ranging from consultancy, planning, surveying and design to equipment manufacturing, construction, investment, financing and operation. The Group operates across a wide range of sectors, including energy, water conservancy, environmental engineering and transport infrastructure, covering national railways, urban railways, metro systems, light railways and road infrastructure.
Notably, POWERCHINA has maintained a presence in Vietnam since 2000, with more than 20 years of operations and involvement in numerous projects in the energy, industrial and infrastructure sectors. In railway transport, the Group is currently participating in the implementation of the Phu Quoc Light Railway Project. These achievements provide an important foundation for POWERCHINA to further expand its operations and pursue investment and construction cooperation opportunities in Vietnam.
Turning Cooperation into Practical Projects Through Complementary Strengths and Early-Stage Engagement
Speaking at the ceremony, Mr. Bui Tran Long, Chairman of the Board of Directors of TECCO1, welcomed the signing of the MOU and noted that TECCO1 had studied POWERCHINA's capabilities, experience and achievements in implementing numerous large-scale projects in Vietnam across the energy, industrial and transport infrastructure sectors.
Mr. Bui Tran Long emphasized that cooperation between the two companies should go beyond establishing a general framework and be translated into concrete programs and practical projects at an early stage, based on maximizing their complementary strengths.
In this regard, POWERCHINA brings advantages in technology, engineering expertise, experience in delivering large-scale projects and an integrated service supply chain. TECCO1, meanwhile, is an established Vietnamese engineering consultancy with many years of experience in the domestic market. The company has an in-depth understanding of the Vietnamese market, legal framework, technical standards, construction norms and unit rates, as well as working procedures with project owners and state management authorities. TECCO1 also possesses an experienced team of experts and engineers, with capabilities in surveying, design, construction supervision and a wide range of other professional consultancy services in the construction sector.
Building on these complementary strengths, Mr. Bui Tran Long expressed his expectation that the two companies would work together from the earliest stages of project identification and opportunity development, proactively coordinating with project owners to propose the most appropriate investment options, technical solutions and implementation arrangements, ensuring economic efficiency and reasonable costs. This approach would enable both parties to maximize their respective capabilities, enhance competitiveness and improve project delivery efficiency.
TECCO1 Chairman - Mr. Bui Tran Long, PowerChina’s Chief Representative in Vietnam - Mr. Wu Di, and delegates from both organizations exchange views at the MOU signing ceremony
Establishing a Foundation for Long-Term Cooperation in Infrastructure Development
Under the MOU, the two parties agreed to establish a framework for cooperation in information exchange, opportunity exploration, project identification, documentation preparation, resource mobilization and coordination in bidding for and implementing railway projects in Vietnam under Engineering, Procurement and Construction (EPC) contracts. They will also consider forming joint ventures or adopting other appropriate cooperation arrangements to participate jointly in national railway and urban railway projects.
The signing of the MOU represents an important first step in establishing a framework for TECCO1 and PowerChina Vietnam to strengthen information exchange, share resources, coordinate project research and develop business opportunities. With a commitment to equality, mutual benefit and leveraging their respective strengths, the two companies expect to gradually develop practical cooperation programs, contributing to the delivery of high-quality, efficient and sustainable transport and energy infrastructure projects and supporting Vietnam's socio-economic development.
TECCO1 Editorial Board