Investment Promotion Delegation of Dong Nai Province, Vietnam, Visited Hyosung HQ

2012.10.08



    On October 8th, the Dong Nai Provincial Investment
    Promotion Delegation of Vietnam visited the Hyosung headquarters. The delegation is visiting Korea to attract foreign investment to Vietnam and visited the headquarters of Hyosung, a major investor to the Dong Nai Province, after visiting several domestic large companies including POSCO and Lotte.

    Aimed at strengthening business cooperation with the Dong Nai province where the Hyosung Vietnam division is located, the meeting was attended by a total of 13 members of the delegation including the Provincial Government leader, the Chairman of Dong Nai Province People's Council and the President of the Industrial Zone Management Bureau. For its part, Vice Chairman Lee Sang-woon, Head of Strategic Division Park Jun-hyeong and Head of Industrial Materials PG Cho Hyeon-sang and other related PU heads and executives participated in the meeting.


    The Dong Nai Provincial Investment Promotion Delegation and Hyosung reaffirmed their cooperative relationships through the meeting. Hyosung plans to contribute to facilitate the local economy through its Vietnam division as the second largest investor in the province, while the Dong Nai Province agreed to offer active support for Hyosung to strengthen its global competitiveness based on Vietnam.

    The Hyosung Vietnam division was established in May 2007, and constructed spandex and tire cord manufacturing facilities in Dong Nai area in 2008. In 2010, the construction of Hyosung’s steel cord plant was completed and has been in operation in the provincial industrial zone since then.

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