Vietnam 3000 LLC – Vietnam Investment and Development Group was one of the five enterprises attending the meeting on the North-South High-Speed Railway Project on November 27th.
At the meeting, the company’s representative stated that this is a major project, requiring coordination between the government and investors, especially in capital mobilization. They expressed a desire to choose the PPP (Public-Private Partnership) model with a “collaborative and supportive” approach due to potential risks. The company’s role is to raise capital for the project and attract skilled experts in this field to execute it.
Vietnam 3000 LLC representative speaking at the meeting. (Photo: Government News)
Although Vietnam 3000 LLC expressed interest in investing in the project through the PPP model, when asked about the company’s financial capacity and the percentage of capital they would contribute, as well as the legal basis for capital mobilization, the representative failed to provide clear answers, with some responses irrelevant to the questions.
The Ministry of Construction noted that the company’s dossier lacked clear evidence of financial capability, and the proposed timelines were vague. The State Bank requested the company to disclose specific details about the financial resources of the “ecosystem” mentioned, rather than making general promises about bringing 100% capital to Vietnam.
On the company’s website, it is described as “established to realize part of the ‘World 3000’ program in Vietnam, a global economic development and human rights initiative. The financial guardian of this program is the world’s largest and most powerful financial organization.”
Information on the company’s website.
The company lists its investment and cooperation areas as social projects, poverty alleviation, technology, industry, real estate development, agriculture, and trade…
Its consulting services include financial and technology brokerage, organizing technology and business tours, and training to enhance competitiveness and access to global technology companies. It also supports small and medium-sized enterprises in improving business management skills and accessing technology and finance for their projects.
Project portfolio showcasing internship report writing and PowerPoint design services.
Surprisingly, in the technology section, Vietnam 3000 lists only PowerPoint design as its service. For commercial and production projects, the company offers internship report writing services, claiming a team of highly qualified writers with academic degrees, mostly PhDs, for over 7 years. However, no real estate projects are mentioned in that category.
Vietnam 3000 introduces three subsidiaries: Energy and Water 3000 Vietnam JSC for energy and environmental projects; AGR.3000 Vietnam JSC for agriculture, trade, and international relations; and Vietnam 3000 LLC for real estate development and financial management in Vietnam.
The company’s shareholders include Ms. Ngo Thi Thang, Mr. Nguyen Hai Bang, Mr. Nguyen Huy Cuong, and others. Its major investors are the International Royal System and the World Bank Group.
According to the National Business Registration Portal, Vietnam 3000 LLC was established in December 2020 with a registered capital of 369 billion VND. Ms. Ngo Thi Thang (born in 1954, residing in Cau Giay, Hanoi) serves as the Director and Legal Representative.
Notably, the company is registered in 84 business sectors, with wholesale food trading as its primary focus. It also operates in construction, including railway and residential building.
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Discovery Group JSC has captured attention with its proposal to develop the North-South high-speed railway under a self-financed revenue recovery model. However, internal metrics reveal a significant gap between the company’s capabilities and the scale required for this mega-project.
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Vingroup’s leadership has clarified that, to prevent any misunderstandings, the conglomerate has proposed to refrain from developing real estate projects along the North-South high-speed railway route.
