Daewoo E&C to Expand Business in Vietnam... Series of Meetings with Local Senior Officials

Jung Won-joo, Vice Chairman of Joongheung Group (center left), is meeting with Pham Binh Minh, Deputy Prime Minister of Vietnam (center right).

Daewoo E&C is accelerating its business expansion in Vietnam.

According to Daewoo E&C on the 23rd, the overseas real estate development team of Daewoo E&C, including Jung Won-joo, Vice Chairman of Joongheung Group, visited Vietnam from June 18 to 23 to consecutively meet with local high-ranking officials and inspect ongoing business issues on site.

On the 22nd, Vice Chairman Jung met with Pham Binh Minh, Deputy Prime Minister of Vietnam, to discuss the progress of the Hanoi Starlake City project and exchanged opinions regarding the expansion of new investments.

At the meeting, Vice Chairman Jung stated, "We plan to expand investments in various fields such as real estate development projects including new towns, industrial and logistics complexes, as well as logistics, ESG infrastructure, and energy businesses in Vietnam, which is showing the highest economic growth rate in Southeast Asia," and requested active support from the Vietnamese authorities.

Deputy Prime Minister Pham Binh Minh said, "Daewoo E&C is a company that entered Vietnam even before the establishment of diplomatic relations between Korea and Vietnam, and we promise government-level support and cooperation," adding, "We ask for expanded investment not only in urban development but also in infrastructure sectors such as roads and transportation." Vice Chairman Jung also held a meeting with Nguyen Chi Dung, Minister of Planning and Investment. Prior to this, in a meeting with Le Hong Son, Acting Mayor of Hanoi, they requested support for the swift progress of the Starlake City new town project and cooperation regarding Daewoo E&C’s investment expansion.

On the 21st, Daewoo E&C’s team visited Bac Ninh Province, located north of Hanoi, to meet with the Party Secretary and discuss cooperation for business expansion. Bac Ninh Province is a strategic hub of Vietnam’s economy, home to Samsung Electronics’ factory. Daewoo E&C is currently reviewing new investments including a complex new town project of over 3 million square meters integrating education, culture, commerce, and medical facilities, as well as industrial complex development projects. Dao Hong Lan, Party Secretary of Bac Ninh Province, said, "We will actively review Daewoo E&C’s new town development project in Bac Ninh Province," and expressed hope for long-term cooperation and development.

This content was produced with the assistance of AI translation services.