Hyosung Vice Chairman Jo Hyun-sang "Additional Investment of Over 2 Trillion Won in Vietnam This Year"

Revealed at the Swiss Davos Forum
First Entry into Vietnam in 2007
Total Investment of 4.7 Trillion KRW

Hyosung Group is reportedly planning an additional investment of over 2 trillion won in Vietnam this year.

On the 18th, according to local Vietnamese media, Cho Hyun-sang, Vice Chairman of Hyosung Group, attending the World Economic Forum (WEF, Davos Forum) held in Davos, Switzerland, announced plans to invest $2 billion (approximately 2.7 trillion won) in Vietnam this year.

Cho Hyun-sang, Vice Chairman of Hyosung Group

Vice Chairman Cho reportedly stated at a discussion hosted by Vietnamese Prime Minister Pham Minh Chinh the previous day, "Hyosung plans to increase its total investment in Vietnam to $5.5 billion (approximately 7.4 trillion won) this year."

Hyosung, which entered Vietnam in 2007, has invested a total of $3.5 billion (approximately 4.7 trillion won) to date and employs about 9,000 local workers across Hanoi, Ho Chi Minh City, southern Dong Nai Province, and Ba Ria-Vung Tau Province.