Ho Chi Minh City Welcomes CJ Group's Expansion Plans in Food, Culture, and Logistics

Ho Chi Minh City's leadership has warmly welcomed the continued investment and expansion of South Korea's CJ Group, recognizing the conglomerate's significant role in the city's economic landscape. Vice Chairman Nguyễn Công Vinh highlighted CJ Group's established presence since 1998, with a cumulative investment of approximately $600 million, underscoring the group's confidence and long-term vision for Vietnam.

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CJ Group is one of the leading economic groups in Korea, with strengths in many fields that are consistent with the development orientation of Ho Chi Minh City such as food and food services, biotechnology, cultural industries, retail, and logistics.

The discussions focused on key areas of mutual interest, particularly in the food and beverage sector. The city authorities expressed enthusiasm for CJ Group's plans to broaden its investment in food processing and production, seeing it as a vital link to the agricultural supply chains of the southeastern region and the Mekong Delta. This aligns perfectly with Ho Chi Minh City's strategic aim to become a regional hub for food processing and distribution.

Beyond food, the potential for collaboration in the cultural and entertainment industries was a significant point of discussion. Ho Chi Minh City is eager to deepen ties with CJ Group in areas such as film, digital content, large-scale entertainment events, and creative talent development. The aspiration is to foster a vibrant creative ecosystem that bridges Ho Chi Minh City and South Korea, enriching cultural exchange and mutual understanding between the two nations.

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CJ Group's official operation in Vietnam since 1998 and its cumulative investment of about $600 million demonstrate the group's confidence, commitment, and long-term development vision for the Vietnamese market.

Mr. Sohn Kyung Shik, Chairman of CJ Group, expressed his admiration for Ho Chi Minh City's recent development and its strategic initiatives. He noted that the city's medium and long-term development plans resonate strongly with CJ Group's own strategic direction, paving the way for new collaborative ventures. The group's ongoing investments in agricultural and food processing aim to boost exports to markets like the US and Europe, further integrating Vietnam into global value chains.

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This will be a meaningful direction of cooperation, contributing to further deepening the friendly relations, understanding, and connection between the peoples of the two countries.

This partnership signifies more than just economic cooperation; it represents a deepening of the friendship and understanding between Vietnam and South Korea. The potential for CJ Group to organize international-standard concerts in Ho Chi Minh City, building on their success in other global metropolises, signals a new era for the city's cultural scene, promising world-class entertainment experiences for its residents and visitors alike.

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Ho Chi Minh City's medium and long-term development orientations are consistent with CJ Group's orientations, and we hope to find many new opportunities for cooperation for mutual development.