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SI Group Signs Exclusive MOU in Support of Solomon Islands' First Special Economic Zone

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SI Group Signs Exclusive MOU in Support of Solomon Islands' First Special Economic Zone
Business

Business

SI Group Signs Exclusive MOU in Support of Solomon Islands' First Special Economic Zone

2025-06-02 16:31 Last Updated At:16:55

HANOI, Vietnam, June 2, 2025 /PRNewswire/ -- SI Group has signed a Memorandum of Understanding (MOU) with the Government of the Solomon Islands to serve as a strategic adviser and priority investor in the development and international promotion of the country's first Special Economic Zone (SEZ). This MOU establishes the foundation for collaboration, with a more detailed investment agreement to be finalized and presented to the Government Caucus for formal approval.

Solomon Islands – A Strategic Gateway in the Pacific

Situated at the crossroads of Southeast Asia, Australia, and the South Pacific, the Solomon Islands holds a unique position on major maritime trade routes. With ongoing economic reforms and a commitment to inclusive development, the country is positioning itself as a new frontier for global investment and sustainable growth.

The Honourable Jaimie Lency VOKIA, Minister of Commerce, Industry, Labour and Immigration and Member of Parliament, stated:

"This MOU marks the beginning of a strategic public-private partnership. SI Group's global reach and sector expertise will help attract serious international investors to the SEZ, aligning with our national goals for economic diversification and regional integration."

A Government-Led SEZ for National Development

The Special Economic Zone, officially launched by the Government of the Solomon Islands, is a flagship initiative aimed at stimulating broad-based economic transformation. Its goals include:

  • Establishing a globally competitive, well-regulated business environment
  • Attracting high-impact investment, advanced technology, and international expertise
  • Generating employment and enabling export-led growth across multiple sectors

A Cohesive Structure for Sustainable Growth

The SEZ will comprise a series of interconnected sub-zones, each with distinct strategic functions:

  • A 100-hectare, high-tech shrimp farm targeting premium export markets (e.g., Japan and EU)
  • Fisheries processing hub aligned with global safety and quality standards
  • Environmentally responsible mining operations (gold and bauxite) using ESG-aligned practices

  • An international hospital serving both local and regional communities
  • Vocational training centers customized to SEZ workforce demands
  • A luxury resort, casino, and golf course targeting high-end eco-tourism

3. Infrastructure – Finance – Logistics

  • Financial services platform including a dedicated SEZ bank and investor support systems
  • A strategic logistics hub with cold storage and streamlined cargo processing
  • Integrated infrastructure to deliver reliable energy, water, and telecoms

All sub-zones will be developed in accordance with a national master plan to ensure operational coherence and long-term sustainability.

Implementation Roadmap: From Vision to Execution

SI Group and the Solomon Islands Government have agreed on a structured implementation roadmap to realize the SEZ through phased development:

  • Formalization of the SEZ Investment Agreement and submission to the Government Caucus
  • Establishment of SI Group's office in Honiara
  • Launch of initial pilot projects in healthcare, aquaculture, and logistics
  • Engagement of anchor investors and technical consultants
  • Finalization of the SEZ's legal and regulatory frameworks

  • Full-scale development of SEZ sub-zones across targeted provinces
  • Infrastructure deployment and utility integration
  • Public-private partnerships for job creation and capacity building
  • Significant growth in FDI and economic diversification
  • Establishment of the Solomon Islands as a model for sustainable SEZ development in the Pacific

SI Group – Strategic Adviser and Priority Investor

Under the terms of the MOU, SI Group will serve as a strategic adviser and priority investor on major investment opportunities within the zone. SI Group's role includes:

  • Advising on SEZ development strategy, structure, and international best practices
  • Promoting the SEZ to global investors and multilateral institutions
  • Facilitating capital mobilization and technical partnerships
  • Supporting legal, financial, and regulatory alignment to attract long-term investment

About SI Group

Established in 2001 as ESPECO (H.K) Limited and now headquartered in Vietnam, SI Group is a global advisory and investment firm specializing in:

  • Investor migration and post-settlement solutions
  • Government advisory and international business development
  • Infrastructure, real estate, and hospitality investment
  • Strategic partnerships and trade facilitation

With active operations in over 20 countries and a proven track record of delivering high-impact projects, SI Group is committed to supporting the Solomon Islands in realizing its SEZ ambitions through sustainable and inclusive development.

MEDIA CONTACT

Nguyen Huu Tri (Kannie)

CMO & Director of Global Business Development – SI Group

Email: kannie.nguyen@si.im

Phone: +84 904 605 065

Website: www.sigroup.vn

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

SI Group Signs Exclusive MOU in Support of Solomon Islands' First Special Economic Zone

SI Group Signs Exclusive MOU in Support of Solomon Islands' First Special Economic Zone

HO CHI MINH CITY, Vietnam, Jan. 12, 2026 /PRNewswire/ -- Digital travel platform Agoda reveals that Vietnam is becoming an increasingly popular year-end travel choice for families in the region and beyond. Based on searches made between September and November 2025 for stays during December 2025 and January 2026, Agoda recorded a 30% increase in family travel interest to Vietnam compared with the same period the previous year.

Agoda data shows that Vietnam is attracting more international families than ever this winter holiday season. South Koreans take the lead as the top market interested in traveling to Vietnam in December and January, with families from India, Singapore, Australia, and Malaysia rounding out the top five. Notably, Agoda reported that Indian families showcased the highest growth in travel interest to Vietnam during this period, with a 186% increase in searches. Malaysians also, are expressing strong growth in interest, with a 74% increase in searches, highlighting Vietnam's appeal as a family destination in Southeast Asia and beyond.

Families are choosing Vietnam for its storied culture and cuisine, diverse landscapes, and abundance of family-friendly resorts and attractions.

Phu Quoc Island leads as the most sought-after destination among international family travelers with a 47% increase in searches, popular for its sandy beaches, calm waters, and nature parks ideal for multi-generation vacations. Da Nang follows with 42% growth in travel interest, noted for its beaches, soft adventure activities, and access to Ba Na Hills theme park. Nha Trang comes in third place, remaining a favorite for its long coastline, family-oriented resorts, and island experiences. In fourth place, Ho Chi Minh City appeals with its vibrant food scene, entertainment complexes, and day trips to the Mekong Delta. In the north, Hanoi continues to draw families with its cultural landmarks, museums, and festive atmosphere, rounding out the top five most family-friendly year-end destinations in Vietnam.

Meanwhile, although Vietnamese families traditionally travel less internationally at the end of the year – typically preferring to wait for the Lunar New Year - China is becoming a noticeable exception. Among the top 20 outbound destinations preferred by Vietnamese families during the December-January period, searches for Shanghai increased 58%, while Beijing increased 59%. This shift is supported by the launch of new direct routes between Hanoi and selected Chinese cities earlier this year, making end-of-year overseas trips more accessible than ever.

Vu Ngoc Lam, Country Director at Agoda, said: "It is wonderful to see Vietnam increasingly chosen as an end-of-year holiday destination for families from across Asia and beyond. Agoda's data shows that travelers are recognizing Vietnam's family-friendly appeal, which further strengthen its position on the global travel map. As more families plan their festive-season or year-end getaways, we are delighted to support them through Agoda's simple, intuitive platform and our wide range of stays, flights, and activities."

With over 6 million properties, 130,000 flight routes, and 300,000 activities, all bookable in one seamless itinerary, Agoda helps families plan memorable year-end holidays, whether they choose a peaceful beach break, a cultural city escape, or an international exploration to mark the close of the year.

HO CHI MINH CITY, Vietnam, Jan. 12, 2026 /PRNewswire/ -- Digital travel platform Agoda reveals that Vietnam is becoming an increasingly popular year-end travel choice for families in the region and beyond. Based on searches made between September and November 2025 for stays during December 2025 and January 2026, Agoda recorded a 30% increase in family travel interest to Vietnam compared with the same period the previous year.

Agoda data shows that Vietnam is attracting more international families than ever this winter holiday season. South Koreans take the lead as the top market interested in traveling to Vietnam in December and January, with families from India, Singapore, Australia, and Malaysia rounding out the top five. Notably, Agoda reported that Indian families showcased the highest growth in travel interest to Vietnam during this period, with a 186% increase in searches. Malaysians also, are expressing strong growth in interest, with a 74% increase in searches, highlighting Vietnam's appeal as a family destination in Southeast Asia and beyond.

Families are choosing Vietnam for its storied culture and cuisine, diverse landscapes, and abundance of family-friendly resorts and attractions.

Phu Quoc Island leads as the most sought-after destination among international family travelers with a 47% increase in searches, popular for its sandy beaches, calm waters, and nature parks ideal for multi-generation vacations. Da Nang follows with 42% growth in travel interest, noted for its beaches, soft adventure activities, and access to Ba Na Hills theme park. Nha Trang comes in third place, remaining a favorite for its long coastline, family-oriented resorts, and island experiences. In fourth place, Ho Chi Minh City appeals with its vibrant food scene, entertainment complexes, and day trips to the Mekong Delta. In the north, Hanoi continues to draw families with its cultural landmarks, museums, and festive atmosphere, rounding out the top five most family-friendly year-end destinations in Vietnam.

Meanwhile, although Vietnamese families traditionally travel less internationally at the end of the year – typically preferring to wait for the Lunar New Year - China is becoming a noticeable exception. Among the top 20 outbound destinations preferred by Vietnamese families during the December-January period, searches for Shanghai increased 58%, while Beijing increased 59%. This shift is supported by the launch of new direct routes between Hanoi and selected Chinese cities earlier this year, making end-of-year overseas trips more accessible than ever.

Vu Ngoc Lam, Country Director at Agoda, said: "It is wonderful to see Vietnam increasingly chosen as an end-of-year holiday destination for families from across Asia and beyond. Agoda's data shows that travelers are recognizing Vietnam's family-friendly appeal, which further strengthen its position on the global travel map. As more families plan their festive-season or year-end getaways, we are delighted to support them through Agoda's simple, intuitive platform and our wide range of stays, flights, and activities."

With over 6 million properties, 130,000 flight routes, and 300,000 activities, all bookable in one seamless itinerary, Agoda helps families plan memorable year-end holidays, whether they choose a peaceful beach break, a cultural city escape, or an international exploration to mark the close of the year.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Agoda Data Shows Vietnam Rising as a Favorite End-of-Year Destination for Families Across Asia and Beyond

Agoda Data Shows Vietnam Rising as a Favorite End-of-Year Destination for Families Across Asia and Beyond

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