Jung Won-ju joins President Lee Jae-myung’s Vietnam economic mission April 21–24
Chairman Jung Won-ju met with BIDV CEO Le Ngoc Lam at the bank’s headquarters on April 22. (From fourth from left) Daewoo E&C Chairman Jung Won-ju and BIDV CEO Le Ngoc Lam.
Daewoo E&C announced on April 24 that Chairman Jung Won-ju visited Vietnam from April 21 to 24 as a member of the economic delegation accompanying President Lee Jae-myung’s state visit to Vietnam.
During this visit, Chairman Jung Won-ju participated in the official schedule of the economic delegation, sharing Daewoo E&C’s achievements and experience in Vietnam’s development projects and construction market with fellow business leaders. He also achieved significant outcomes, including attending the completion ceremony for the ‘B3CC1 Complex Development Project’ in Hanoi and signing an MOU for a data center.
Vietnam is a key strategic market for Daewoo E&C’s overseas development projects. The company is leading the Starlake City development project, a prime example of a successful Korean-style new town export, and is also proceeding with urban development projects in Kien Giang, Hung Yen Province, and Nhon Trach, Dong Nai Province. Daewoo E&C plans to create a convergent smart city that combines culture with residential and commercial facilities, educational infrastructure, and the construction of a large-scale arena.
On the 22nd, Daewoo E&C Chairman Jung Won-ju attended the completion ceremony for the ‘B3CC1 Complex Development Project’ located in Hanoi’s Starlake City. The event was attended by major Korean and Vietnamese dignitaries, including Minister of Land, Infrastructure and Transport Kim Yoon-deok, Vice Chairman of the Hanoi People’s Committee Trung Viet Dung, Chairman of the Vietnam Construction Association Nguyen Quoc Hiep, Chairman of the International Contractors Association of Korea Han Man-hee, and President of KIND Kim Bok-hwan.
The ‘B3CC1 Complex Development Project’ is a massive complex with a total floor area of 211,462m², featuring three basement levels and two 35-story towers that house offices, a hotel, and commercial facilities. Led by Daewoo E&C, Korean companies participated in the entire project process, from implementation and investment to construction. Eight domestic companies, including Daewoo E&C, KDB Bank (Korea Development Bank), and KB Securities, participated as investors. The hotel and residences will be operated by Hotel Shilla and are scheduled to open in October 2026.
In his congratulatory remarks at the ceremony, Chairman Jung Won-ju said, “The B3CC1 Complex Development Project is highly significant as a symbol of Korea-Vietnam economic cooperation,” and expressed his gratitude to the Vietnamese government, Hanoi city officials, and the South Korean government and related agencies for their full support of the project.
On the afternoon of the same day, Chairman Jung Won-ju met with CEO Le Ngoc Lam at the headquarters of the Vietnam Investment and Development Bank (BIDV). During the meeting, he explained Daewoo E&C’s future business plans in Vietnam and requested cooperation and investment.
Furthermore, as a member of the economic delegation, Chairman Jung Won-ju also attended official events, starting with the state dinner held at the Government Guest House in Hanoi on the 22nd, followed by the Korea-Vietnam Business Roundtable and the Korea-Vietnam Business Forum on the 23rd.
Notably, at the Korea-Vietnam Business Roundtable held at the JW Marriott Hotel in Hanoi, Chairman Jung Won-ju briefly described the projects Daewoo E&C is pursuing in Vietnam and expressed his deep gratitude for the Vietnamese government’s cooperation. The event was attended by government officials and top corporate executives from both Korea and Vietnam, including President Lee Jae-myung and Vietnamese Prime Minister Le Minh Hung.
Meanwhile, on the 23rd, Daewoo E&C signed a ‘Memorandum of Understanding (MOU) for Joint Participation in Vietnam’s Data Center Business’ with SaigonTel, a Vietnamese IT and infrastructure development company.
A Daewoo E&C official stated, “Vietnam is not only one of Daewoo E&C’s important strategic markets but also a partner built on trust. We plan to continue expanding investment and cooperation in various fields, including nuclear power plants, high-speed rail, urban development, and data centers.”
Jung Suk-yee
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