Daewoo E&C Explores Investment in Binh Duong Province, Vietnam with Vice Chairman Jung Won-joo

Daewoo Construction Staff Meet with Binh Duong Province Leaders in Vietnam

Vice Chairman Jeong Won-ju is meeting with Nguyen Van Danh, Vice Chairman of Binh Duong Province, Vietnam.

[Asia Economy Reporter Onyu Lim] Jung Won-joo, Vice Chairman of Jungheung Group, the major shareholder of Daewoo E&C, visited key growth areas in Vietnam to explore the expansion of infrastructure and urban development projects.

Daewoo E&C announced on the 26th that on the 21st, Vice Chairman Jung met with Bo Van Minh, Chairman, and Nguyen Van Zang, Vice Chairman, of Binh Duong Province located northeast of Ho Chi Minh City, Vietnam, and inspected nearby project sites.

Binh Duong Province is a representative growth area ranking 4th in Vietnam in terms of GDP per capita and 6th in national economic contribution. It has attracted investments from various foreign companies such as Kumho Vietnam Tire Factory and Orion Vinafood.

At the meeting, Chairman Bo said, "Binh Duong Province has attracted about 40 billion dollars in investment through approximately 4,000 foreign direct investment (FDI) companies," adding, "We hope Daewoo E&C will promote investments in various fields."

In response, Vice Chairman Jung stated, "Daewoo E&C intends to expand its business from the northern Hanoi area to the southern region of Vietnam," and added, "We will actively consider Binh Duong Province’s excellent infrastructure and investment attraction efforts."

Vice Chairman Jung also held a meeting with Nguyen Van Hum, Chairman of Becamex, a leading urban development company in Vietnam, and jointly inspected an industrial complex. Additionally, Vice Chairman Jung visited areas near Ho Chi Minh City where new town developments are underway to conduct on-site surveys regarding business potential.

A Daewoo E&C official said, "Vietnam is a representative hub country in Southeast Asia experiencing continuous growth, and there are expected to be many investment opportunities in infrastructure construction and new town development in the future."

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