Daewoo E&C Courts Vietnam Energy Deals
Jung Won-ju, chairman of Daewoo Engineering & Construction, met with Le Minh Hoang, Vietnam’s Minister of Industry and Trade, in Euljiro, Seoul, on the afternoon of Aug. 26 and officially conveyed the company’s intention to participate in nuclear power generation and LNG terminal projects.The meetin
In an official meeting on August 26, Daewoo Engineering & Construction's chairman Jung Won-ju met with Vietnam's Minister of Industry and Trade, Le Minh Hoang, in Seoul. The company announced its intent to participate in nuclear power generation and LNG terminal projects in Vietnam. The meeting occurred at the behest of officials from Vietnam's Ministry of Industry and Trade and PetroVietnam (PVN) during a three-day visit to Korea from August 26 to 28.
Minister Hoang's delegation held an exclusive session with Daewoo E&C, the sole domestic construction firm they met separately during the visit, reinforcing the strong cooperative relationship between the two sides. Jung emphasized the company's local network and project execution experience in Vietnam over the past 30 years. Daewoo E&C aimed to contribute significantly to Vietnam's energy self-reliance, going beyond winning construction orders as a foreign company.
The company expressed confidence in entering Vietnam's nuclear power market, drawing parallels with their involvement in the Dukovany nuclear power plant project in the Czech Republic, where they are currently the lead construction contractor. Jung proposed a policy of applying their Czech Republic experience, including local specialist company identification and cooperative ties from the project preparation stage, to Vietnam.
If Daewoo E&C participates in Vietnam's nuclear power project, they plan to contribute their nuclear plant construction technology and experience locally, not just through construction work. The company presented a specific cooperation plan to enhance Vietnamese local companies' technological capabilities and global competitiveness.
Daewoo E&C is also working on a workforce training program to bolster the expertise of local Vietnamese personnel in the nuclear power sector and is exploring cooperation models, including technology cooperation and establishing a local supply chain. The company aims to maintain ongoing communication with the Vietnamese government and local companies, contributing to the development of stable power infrastructure.
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