Daewoo Engineering announced that Chairman Jung Won-joo recently met with Hanoi Mayor Vu Dai Tang to discuss the current status of business operations in Vietnam and future collaboration.
Mayor Vu Dai Tang, accompanied by Chairman of the National Assembly of Vietnam Tran Thanh Man, visited South Korea from September 6 for a four-day trip. On September 8, he met with representatives from Daewoo Engineering and other domestic companies at The Plaza Hotel in Seoul to discuss ways to boost infrastructure investment in Hanoi.
The Star Lake new town project, currently being developed by Daewoo Engineering, is a key urban development initiative in Hanoi and is considered a central hub for the company's operations in Vietnam.
During the meeting, Chairman Jung stated, "Daewoo Engineering has been involved in various projects in Vietnam for over 30 years, growing alongside the local economy. In particular, we have served as a platform connecting investments from local and South Korean companies based on the Star Lake new town project. We will continue to expand investments in various sectors, including new towns, infrastructure, and energy, leveraging our experience and achievements in Vietnam."
He added, "For the successful completion of the Star Lake new town and balanced urban development in Hanoi, it is crucial that administrative processes such as the relocation of government agencies, land compensation, and permits proceed swiftly and smoothly. Daewoo Engineering will do its utmost to enhance the project's quality through continuous investments, including additional office developments linked to the relocation of government agencies."
In response, Mayor Vu Dai Tang expressed appreciation for Daewoo Engineering's contributions to Hanoi's development, stating, "We will actively support land compensation for the Star Lake City project site and the relocation of government agencies, and we will work together to ensure the remaining projects in the new town are completed promptly."
Earlier, Hanoi announced its '100-Year Vision Master Plan' in June, aiming to completely restructure the urban spatial framework centered around the Hong River. The plan envisions transforming the city into a multi-layered, multi-polar, and multi-centered urban area with global competitiveness.
Daewoo Engineering is also reviewing new business models in line with Hanoi's long-term urban development plans. One example is the 'K-Smart City,' which combines South Korean technology with culture and content.
A representative from Daewoo Engineering stated, "In alignment with Hanoi's 100-Year Vision and urban development strategy, we are conceptualizing new business models like K-Smart City that integrate South Korean technology and cultural content. We hope to create a future-oriented city that goes beyond simple urban development, enhancing Hanoi's global competitiveness and fostering exchanges between South Korea and Vietnam."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.