Daewoo E&C Expands Vietnam Ties with Data Center MOU, Complex Development Success

As a leading South Korean construction firm, Daewoo Engineering & Construction's participation in the presidential economic delegation to Vietnam underscores the deep and expanding ties between our nations. Chairman Chung Won-ju's presence highlights the company's significant contributions to Vietnam's development, particularly with the completion of the B3CC1 complex in Hanoi. This project, a symbol of Korea-Vietnam economic cooperation, showcases Daewoo E&C's integrated capabilities from investment to construction, with Hotel Shilla set to operate the hotel and residences.

Furthermore, the signing of a Memorandum of Understanding with SaigonTel for data center development signifies a forward-looking approach, aligning with Vietnam's growing digital infrastructure needs. This collaboration leverages Daewoo E&C's construction and investment expertise with SaigonTel's local development experience, promising significant synergy. Our company views Vietnam not just as a market, but as a trusted partner, and we are committed to expanding our involvement beyond urban development into critical sectors like nuclear power, high-speed rail, and digital infrastructure.

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The B3CC1 project is a symbolic project of Korea-Vietnam economic cooperation.

Daewoo E&C's strategic focus on Vietnam is evident in its ongoing projects across major cities and provinces. We are not merely building structures; we are envisioning and constructing integrated smart cities, complete with large-scale arenas that will foster cultural exchange and contribute to Vietnam's economic dynamism. Our commitment extends to supporting Vietnam's national development goals, demonstrating the tangible benefits of our long-standing relationship and our dedication to mutual growth.

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Vietnam is a key partner market based on trust. We will expand cooperation in various fields such as nuclear power, high-speed rail, and data centers beyond urban development.