Daewoo Engineering & Construction said on the 24th that Chair Jeong Won-ju visited Vietnam as part of the business delegation to coincide with President Lee Jae-myung's state visit to Vietnam.
During the visit, Chair Jeong attended the completion ceremony for the "B3CC1 mixed-use development" in Hanoi Starlake City. The complex has 2 towers with 3 basement levels and 35 floors above ground, and a total floor area of 211,462㎡, combining offices, a hotel, and retail facilities. Daewoo Engineering & Construction participated across the entire process—development, investment, and construction—and domestic corporations including KDB Korea Development Bank and KB Securities also joined as investors. Hotel Shilla will operate the property, with opening scheduled for Oct. 2026.
Attendees at the ceremony included Minister Kim Yun-duk of the Ministry of Land, Infrastructure and Transport, Trung Viêt Trung, vice mayor of Hanoi, Nguyen Quoc Hiep, chair of the Vietnam Construction Association, Han Man-hee, chair of the International Contractors Association of Korea, and Kim Bok-hwan, president of KIND.
At the event, Chair Jeong said, "The B3CC1 mixed-use development is a symbol of Korea–Vietnam economic cooperation," expressing gratitude to the Vietnamese government, the city of Hanoi, the Korean government, and related institutions.
Jeong also discussed cooperation with local financial institutions. At the headquarters of the Bank for Investment and Development of Vietnam (BIDV), Jeong met with bank president Le Ngoc Lam to explain Daewoo Engineering & Construction's business plans in Vietnam and asked for future cooperation and investment support. BIDV has been a key financial partner participating in Daewoo Engineering & Construction's major development projects in Vietnam, including Starlake City.
Jeong also introduced urban development projects being pursued by Daewoo Engineering & Construction at the Korea–Vietnam business roundtable, stating an intention to help expand exchanges between the two countries by creating a converged Smart City that includes cultural facilities and building a large-scale arena. Jeong also conveyed an interest in participating in major Vietnamese infrastructure projects such as data centers, the North–South high-speed rail, and nuclear power plants.
During this visit, Daewoo Engineering & Construction signed a memorandum of understanding (MOU) with Saigontel, a Vietnamese IT and infrastructure developer, for "joint participation in Vietnam data center projects." The two companies plan to cooperate on engineering, procurement, and construction (EPC) for data centers in Vietnam as well as on joint investment projects.
A Daewoo Engineering & Construction official said, "Vietnam is one of Daewoo Engineering & Construction's key strategic markets," adding, "We plan to expand investment and cooperation across various sectors, including urban development, infrastructure, and data centers."