China Railway Group Limited (CREC) assigned a memorandum of understanding (MoU) with Tracodi, a subsidiary of Bamboo Capital Group, to collaborate on developing industrial parks, social housing, and transport infrastructure across Vietnam.
Under the agreement, Tracodi and CREC will focus on jointly developing railway infrastructure, expressways, seaports, and sewage systems. Tracodi will lead project development and implementation, meanwhile, CREC will provide technological expertise and financial support. Additionally, CREC has the option to invest capital directly into Tracodi for project execution.