HD Hyundai Eco Vina takes over Doosan Vina, targets expansion in Vietnam

HD Hyundai Eco Vina has begun rolling out plans to expand production, develop new industrial segments, and increase its workforce in Vietnam after officially taking over Doosan Vina at the Dung Quat Economic Zone in the central province of Quang Ngai, the company said.

Vietnam’s Deputy Prime Minister Nguyen Hoa Binh recently received Seunghyun Choi, CEO of HD Hyundai Eco Vina, which has acquired Doosan Enerbility Vietnam, commonly known as Doosan Vina.

At the meeting, Binh congratulated Choi on his appointment and welcomed the company’s business strategy.

HD Hyundai Eco Vina plans to build on Doosan Vina’s traditional strengths such as the design and manufacture of oil and gas modules and port equipment. The company is also expected to expand into new areas including lifting equipment and cranes, shipbuilding, and the production of gas storage tanks for maritime transport, the deputy prime minister noted.

Choi outlined HD Hyundai Eco Vina’s production and business strategy for the coming period, saying the company plans to hire around 1,500 additional workers on top of the roughly 1,400 employees transferred from Doosan Vina, bringing its total workforce in Vietnam to nearly 3,000.

He also pledged to continue community and social welfare programs previously carried out by Doosan Vina, including support for disadvantaged groups and free medical check-ups for local residents.

The deputy prime minister welcomed the company’s expansion plans and urged it to focus on workforce training, prioritize local labor, and actively contribute to social and community initiatives.

He reaffirmed that the Vietnamese government remains committed to creating favorable conditions for foreign investors, including HD Hyundai Eco Vina, to expand investment and operate sustainably in the country.

HD Hyundai Eco Vina has taken over the Doosan Vina industrial complex at the Dung Quat Economic Zone, covering more than 110 hectares. The company plans to develop the site into a globally competitive production hub for gas storage tanks, port cranes, and environmentally friendly shipbuilding.

Doosan Vina has been one of Quang Ngai province’s flagship foreign-invested enterprises, with total investment of about $300 million. The complex comprises three factories producing equipment for power plants, port cranes, desalination systems, crude fuel processing equipment, modules and steel structures.