Hanoi, Nov. 22 -- The first major cooperation deal between a Vietnamese private enterprise and the Democratic Republic of Congo (DRC) is expected to open a new chapter in Vietnam-Africa economic ties.

The government of Kinshasa, capital of the DRC, and Vietnam's private conglomerate Vingroup have signed a memorandum of understanding (MoU) on cooperation in large-scale urban development and green mobility initiatives in the African country.

Under the MoU, the two sides will jointly explore and develop a 6,300 ha riverfront urban complex, with the local government committing to allocate land to Vingroup free of charge. The project aims to build a modern urban centre that improves living standards, reshapes the city's landscape and becomes...