Taihan Cable & Solution Vice Chairman Song Jong-min, fourth from right, signs an MOU with Vietnam’s EPC and construction infrastructure firm Newtecons during the Korea-Vietnam Business Forum on April 23 (local time), attended by South Korea’s Minister of Trade, Industry and Energy Kim Jung-kwan, eighth from right, and Vietnam’s Finance Minister Ngo Van Tuan, seventh from right. The agreement covers power cable supply and infrastructure project cooperation. [Photo=Taihan Cable & Solution]
Taihan Cable & Solution said it is accelerating its push into Vietnam’s energy infrastructure market through a partnership with a local company.
The company said April 24 it signed a memorandum of understanding with Newtecons, a Vietnamese EPC and construction infrastructure firm, to cooperate on power cable supply and infrastructure projects.
Taihan said the MOU is aimed at building a cooperation framework to strengthen competitiveness across energy infrastructure projects in Vietnam.
The signing took place April 23 at the Korea-Vietnam Business Forum, an official event of an economic delegation held on the occasion of President Lee Jae-myung’s visit to Vietnam.
The forum, held at a hotel in Hanoi, was attended by government officials from South Korea’s Ministry of Trade, Industry and Energy and Vietnam’s Ministry of Finance, as well as Taihan Vice Chairman Song Jong-min and Newtecons CEO Nguyen Quang Thuy, among others.
Newtecons is a major Vietnamese EPC and construction infrastructure company that has carried out large projects including Long Thanh International Airport, industrial complexes and high-rise mixed-use developments, Taihan said.
Under the MOU, the two companies plan to combine Taihan’s power cable manufacturing capabilities with Newtecons’ construction and installation capacity to strengthen competitiveness in energy infrastructure projects and build a stable supply and execution base. They also plan to seek joint business opportunities to meet local infrastructure demand and expand cooperation through technical advice and information sharing.
“This agreement, signed during the economic delegation’s schedule in Vietnam, is expected to contribute to stronger bilateral cooperation in energy infrastructure and to supply chain stability,” Song said. He added that working with Newtecons, “a leading local EPC company,” would be an important opportunity to expand business in Vietnam’s fast-growing energy infrastructure market.
Ahead of the forum, Taihan visited the headquarters of Vietnam Electricity (EVN) in Hanoi on April 22 to discuss mid- to long-term cooperation. Song, along with the head of Taihan Vina, met EVN CEO Nguyen Anh Tuan and other executives to share updates on an HVDC grid project and on a 400-kilovolt EHV cable plant currently under construction in Vietnam. The two sides also held in-depth talks on technical exchanges and potential business cooperation in extra-high-voltage power grids and agreed to continue expanding cooperation.
Taihan said it has designated Vietnam as a second global production base and is continuing to expand investment in production infrastructure. Taihan Vina is a key hub, and it is building Vietnam’s first 400-kilovolt EHV cable plant, with completion targeted for 2027.
The company said April 24 it signed a memorandum of understanding with Newtecons, a Vietnamese EPC and construction infrastructure firm, to cooperate on power cable supply and infrastructure projects.
Taihan said the MOU is aimed at building a cooperation framework to strengthen competitiveness across energy infrastructure projects in Vietnam.
The signing took place April 23 at the Korea-Vietnam Business Forum, an official event of an economic delegation held on the occasion of President Lee Jae-myung’s visit to Vietnam.
The forum, held at a hotel in Hanoi, was attended by government officials from South Korea’s Ministry of Trade, Industry and Energy and Vietnam’s Ministry of Finance, as well as Taihan Vice Chairman Song Jong-min and Newtecons CEO Nguyen Quang Thuy, among others.
Newtecons is a major Vietnamese EPC and construction infrastructure company that has carried out large projects including Long Thanh International Airport, industrial complexes and high-rise mixed-use developments, Taihan said.
Under the MOU, the two companies plan to combine Taihan’s power cable manufacturing capabilities with Newtecons’ construction and installation capacity to strengthen competitiveness in energy infrastructure projects and build a stable supply and execution base. They also plan to seek joint business opportunities to meet local infrastructure demand and expand cooperation through technical advice and information sharing.
“This agreement, signed during the economic delegation’s schedule in Vietnam, is expected to contribute to stronger bilateral cooperation in energy infrastructure and to supply chain stability,” Song said. He added that working with Newtecons, “a leading local EPC company,” would be an important opportunity to expand business in Vietnam’s fast-growing energy infrastructure market.
Ahead of the forum, Taihan visited the headquarters of Vietnam Electricity (EVN) in Hanoi on April 22 to discuss mid- to long-term cooperation. Song, along with the head of Taihan Vina, met EVN CEO Nguyen Anh Tuan and other executives to share updates on an HVDC grid project and on a 400-kilovolt EHV cable plant currently under construction in Vietnam. The two sides also held in-depth talks on technical exchanges and potential business cooperation in extra-high-voltage power grids and agreed to continue expanding cooperation.
Taihan said it has designated Vietnam as a second global production base and is continuing to expand investment in production infrastructure. Taihan Vina is a key hub, and it is building Vietnam’s first 400-kilovolt EHV cable plant, with completion targeted for 2027.
* This article has been translated by AI.
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