Daewoo Engineering & Construction, Hanoi mayor discuss Vietnam investment expansion

  • Daewoo Engineering & Construction Chairman Jung Won-joo met Hanoi Mayor Vu Dai Thang in Seoul.
  • Daewoo E&C is seeking Vietnam opportunities beyond its flagship Star Lake City development.
  • Hanoi’s June master plan reorganizes future urban development around the Red River.

Daewoo Engineering & Construction Chairman Jung Won-joo met Hanoi Mayor Vu Dai Thang in Seoul on September 8 to discuss the company’s Vietnam operations and expansion beyond its flagship Star Lake City development. Their talks covered potential investment in new cities, infrastructure and energy, while Hanoi’s 100-Year Vision Master Plan aims to reorganize the capital around the Red River into a multi-layered, multi-polar and multi-centered city. Jung said Daewoo E&C had connected local and South Korean companies through Star Lake City and requested administrative support. Vu said Hanoi would assist with land compensation at the project site and the relocation of government agencies, while working to complete the remaining projects as soon as possible.

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