T&T Group and JTA collaborate to develop projects in Hanoi

On October 31, in the capital city of Doha, Qatar, leaders from T&T Group and the International Investment and Consulting Group JTA (Qatar) met with Vietnamese Prime Minister Pham Minh Chinh to present their plans for researching the investment in a multi-purpose sports complex that meets international standards, as well as a themed park and an amusement park modeled after Disneyland, to be located in Dong Anh, Hanoi.

During the meeting, the Prime Minister expressed his support for the investment initiative, highlighting the fact that Hanoi, which has a population of around 10 million people, currently lacks a sports complex that is both iconic and representative of the city. He noted that the establishment of this complex would be a significant addition, serving the needs of the capital’s residents. However, he also stressed the importance of ensuring efficient operations and providing complementary services to maintain the long-term viability of the project.

In a ceremonial moment witnessed by Prime Minister Pham Minh Chinh, T&T Group and JTA Group officially signed a memorandum of cooperation, which outlines their commitment to researching and developing the proposed international-standard multi-purpose sports complex and themed amusement park.

The project covers a total area of 330 hectares, with an estimated total investment of approximately 4.5 billion USD. It will consist of two primary components: a sports complex and a themed park. The sports complex is planned to meet Olympic standards, with an expected investment of around 1.3 billion USD. This complex will feature state-of-the-art sports facilities, prominently including a modern stadium designed to be of the high international standards.

In addition, the project will also focus on developing a themed park and amusement area, with a projected investment of about 3.2 billion USD. This section will include various themed parks and entertainment zones that take inspiration from the famous Disneyland model, aiming to create the largest Disneyland in Vietnam. This project is envisioned to be a leading entertainment destination, catering to both local residents and visitors from neighboring regions.

As the signed agreement, JTA will assume the primary responsibility for securing the financial resources and funding necessary for the project's implementation.

T&T Group will work closely with JTA to to select consultants and research concepts, as well as oversee planning, design, operational management, and to ensure that all legal requirements are fulfilled in accordance with Vietnamese laws and international standards.

Mr. Do Vinh Quang, Vice Chairman of the Board of Directors of T&T Group, emphasized that the primary goal of the partnership between T&T Group and JTA is to research, design, and develop a modern, international-standard sports and entertainment complex. This initiative will draw inspiration from successful models implemented globally. The complex will integrate advanced technologies, including environmentally friendly solutions, ensuring it meets the necessary standards for hosting Olympic-level sporting events. This endeavor aims to enhance the international stature of Vietnam and its people, showcasing their potential on a broader stage.

"This project will not only advance the sports sector and elevate the cultural and social standards of the community but will also open up significant economic opportunities for tourism in Hanoi specifically and Vietnam as a whole. Furthermore, it will establish a robust foundation for cooperation between Vietnam and Qatar in the areas of sports and infrastructure, thereby positively contributing to the friendly relations between our two nations", Mr. Do Vinh Quang said. 

JTA is an international multinational investment group that has been operational for over 14 years. Its mission is to offer innovative and distinctive consulting services and investment solutions to emblematic businesses and projects around the globe. With a footprint in 32 countries and a vast network of global partners, JTA focuses on various sectors, including: oil and gas; infrastructure and construction; minerals and natural resources; innovation and technology; education and entertainment; tourism and transportation; healthcare, sports, and welfare; agriculture and food security; fashion; as well as both internal combustion and electric vehicles.

T&T Group is recognized as a pioneer in the socialization of sports in Vietnam. The group founded the Hanoi Football Club, transforming it from a third-tier team into the most successful professional football club in Vietnam, with six national championships, three national cups, and a record of five national super cup titles. Hanoi FC has a professional youth training system, contributing coaches and athletes to the national teams across various age groups. Many young talents from the club played pivotal roles in the U23 Vietnam team's remarkable achievement of finishing as runners-up in the 2018 AFC U23 Championship in Changzhou. Additionally, T&T Group has provided comprehensive support for women’s football in Thai Nguyen, transforming a club that faced significant challenges and was at risk of dissolution into one that is gradually developing and achieving notable successes on both domestic and international stages.

Furthermore, T&T Group has been quietly investing in table tennis for nearly 20 years, aiming to elevate Vietnamese table tennis on a continental scale. Athletes Mai Ngọc and Anh Hoàng from the Hanoi T&T Table Tennis Club brought glory to the nation by winning a gold medal in mixed doubles at the 32nd SEA Games. In May 2024, T&T Group proudly became a member of the Public Security Sports Association, contributing to the establishment of the CAND – T&T Table Tennis Club. Shortly after its founding, the CAND – T&T Table Tennis Club has consistently achieved high rankings in various domestic competitions.

In addition to its numerous initiatives, T&T Group has also sponsored and actively promoted sports movements, particularly focusing on the training and development of youth football. The group has played a vital role in investing in and enhancing sports facilities in Hanoi and various regions throughout the country. Recently, T&T Group emerged as the main sponsor for the Hanoi International Women’s Football Cup T&T Group 2024, an important event that is part of a series of activities commemorating the 70th anniversary of the Liberation of the Capital (October 10, 1954 - October 10, 2024).

Through its commitment to the multi-purpose sports complex and amusement park project in Dong Anh, Hanoi, T&T Group once again showcases its dedication to advancing national sports on an international scale. This project reflects the company’s vision of not only enhancing the quality of sports in Vietnam but also contributing significantly to the country’s socio-economic development.