Daewoo E&C Chairman Jung Wonjoo Discusses Additional Investments with Hanoi Mayor

Daewoo Engineering & Construction announced on the 9th that Chairman Jung Wonjoo recently met with Mayor Vu Day Tang of Hanoi, who was visiting Korea, to discuss the current status of the company’s local projects and future cooperation plans.

Mayor Vu Day Tang of Hanoi visited Korea for four days starting on the 6th, accompanied by Tran Thanh Man, Chairman of the National Assembly of Vietnam. He held meetings with Daewoo Engineering & Construction and other Korean companies at a hotel in Seoul the previous day. During the meeting, Chairman Jung explained, “We have served as a platform that connects investments between local Vietnamese firms and Korean companies based on the Starlake New Town project,” and added, “We will continue to scale up investments across diverse sectors such as new town development, infrastructure, and energy, leveraging our experience and achievements in Vietnam.”

Jung Wonju, Chairman of Daewoo Engineering & Construction (right), and Vu Dinh Dang, Mayor of Hanoi, Vietnam, met in Seoul on the 8th to discuss the direction of Vietnamese business. Provided by Daewoo Engineering & Construction

He further stated, “For balanced urban development in Hanoi, it is crucial that administrative procedures—including government agency relocations, land compensation, and licensing—are carried out swiftly and smoothly. We kindly request strong support from the city of Hanoi, while Daewoo Engineering & Construction will continue to invest, including additional office developments linked to the relocation of government agencies, in order to enhance the completeness of the Starlake project.”

Mayor Vu Day Tang responded, “Daewoo Engineering & Construction’s technological capabilities are essential for Hanoi’s future.” He continued, “We will actively support land compensation for the Starlake City project and the relocation of government agencies. Let us work together so the remaining projects in the new city can be completed as soon as possible.”

Meanwhile, in June, Hanoi City announced a 100-year vision master plan. Centered on the Red River, the city aims to fundamentally reorganize its urban spatial structure and transform itself into a multi-layered, multi-polar, and multi-core city with global competitiveness.

Aerial view of Starlake City, Hanoi, Vietnam.

This content was produced with the assistance of AI translation services.