Korea’s Hyosung eyes ATM production, data center in Vietnam

Korea’s Hyosung eyes ATM production, data center in Vietnam

Multi-industry conglomerate Hyosung, the third largest South Korean investor in Vietnam after Samsung and LG, plans to manufacture automated teller machine (ATMs) and build a large data center in Ho Chi Minh City.

Industries - Sat, May 11, 2024 | 10:05 am

Hyosung T&C invests $118 mln in Vietnam nylon business

Hyosung T&C invests $118 mln in Vietnam nylon business

Hyosung T&C, the spandex arm of South Korean chaebol Hyosung, will invest $118.2 million to acquire 100% ownership of Vietnam-based Hyosung DongNai Nylon Co., Ltd., a fiber producer.

Companies - Thu, April 4, 2024 | 2:47 pm

Korea chaebol Hyosung to pour extra $779 mln in southern Vietnam

Korea chaebol Hyosung to pour extra $779 mln in southern Vietnam

Two Vietnam subsidiaries of South Korean industrial chaebol Hyosung have secured licenses to invest an additional $779 million in the southern province of Ba Ria-Vung Tau.

Industries - Sun, March 31, 2024 | 11:11 pm

Korea’s Hyosung, Vietnam Electricity eye technological cooperation

Korea’s Hyosung, Vietnam Electricity eye technological cooperation

South Korean industrial chaebol Hyosung and state utility Vietnam Electricity (EVN) plan to enhance their technological cooperation, company executives said at a Friday meeting.

Companies - Sat, February 3, 2024 | 2:52 pm

Hyosung plans $400 mln aviation fuel investment in southern Vietnam

Hyosung plans $400 mln aviation fuel investment in southern Vietnam

South Korean industrial chaebol Hyosung plans to invest $400 million in a hydro-treated vegetable oil (HVO) project for manufacturing aviation fuel in the southern coastal province of Ba Ria-Vung Tau.

Industries - Thu, February 1, 2024 | 4:18 pm

Vietnam seeks expertise from global financiers for HCMC financial center

Vietnam seeks expertise from global financiers for HCMC financial center

The Vietnamese government is seeking assistance from world leading banks and financial investment funds for the building of a financial center in Ho Chi Minh City, the country’s largest economic hub.

Economy - Thu, January 18, 2024 | 10:40 pm

Korean industrial chaebol Hyosung plans $2 bln investment in Vietnam this year

Korean industrial chaebol Hyosung plans $2 bln investment in Vietnam this year

South Korean giant Hyosung, which has invested $3.5 billion in Vietnam, plans to invest another $2 billion this year, said vice chairman Cho Hyun-sang.

Industries - Thu, January 18, 2024 | 9:06 pm

2023: energy, electronics sectors shine bright as Vietnam attracts huge foreign investments

2023: energy, electronics sectors shine bright as Vietnam attracts huge foreign investments

Energy and electronics sectors hogged the limelight as registered foreign direct investment (FDI) in Vietnam reached $36.6 billion this year through December 20, up 32.1% year-on-year.

A year in review and 2024 forecasts - Fri, December 29, 2023 | 9:15 am

Korea’s Hyosung plans $720 mln additional investment in Ba Ria-Vung Tau province

Korea’s Hyosung plans $720 mln additional investment in Ba Ria-Vung Tau province

South Korea’s industrial chaebol Hyosung plans to invest $720 million more in Vietnam’s southern province of Ba Ria-Vung Tau in a biofiber factory, said a delegation from the firm.

Industries - Tue, December 5, 2023 | 4:16 pm

Ba Ria-Vung Tau province okays $540 mln Hyosung carbon fiber factory

Ba Ria-Vung Tau province okays $540 mln Hyosung carbon fiber factory

South Korean giant Hyosung has received in-principle approval from Ba Ria-Vung Tau's industrial park authority to build a $540 million carbon fiber factory in the southern coastal province.

Industries - Tue, October 3, 2023 | 3:46 pm

Hyosung plans $1 bln carbon fiber plant in southern Vietnam

Hyosung plans $1 bln carbon fiber plant in southern Vietnam

Hyosung Vietnam, invested by South Korea’s chaebol Hyosung, plans to invest $1 billion to build a carbon fiber factory in Phu My 2 Industrial Park, Ba Ria-Vung Tau province.

Industries - Sat, July 22, 2023 | 2:43 pm

Top Korean firms to attend business forum in Vietnam to boost trade

Top Korean firms to attend business forum in Vietnam to boost trade

Executives from South Korean leading conglomerates will attend an economic forum in Vietnam on June 24 as both countries seek to expand economic cooperation.

Industries - Sat, June 10, 2023 | 5:24 pm

Hyosung Chemical records $23 mln Q1 loss in Vietnam

Hyosung Chemical records $23 mln Q1 loss in Vietnam

Hyosung Chemical, the chemical arm under South Korea’s multi-sector business Hyosung, recorded a loss of KRW30.1 billion ($22.86 million) from its Vietnam operation in the first quarter of this year.

Companies - Tue, May 23, 2023 | 4:09 pm

Dong Nai province approves $370 mln cash injection into 5 FDI projects

Dong Nai province approves $370 mln cash injection into 5 FDI projects

The southern province of Dong Nai granted investment expansion certificates to five foreign-invested projects with additional capital of $370 million on Friday.

Industries - Sat, April 1, 2023 | 4:33 pm