President of the Republic of Korea Yoon Suk Yeol paid a State visit to Vietnam lasting 3 days from June 22, 2023. Accompanying the Korean leader was a delegation of 205 businesses, led by chaebols, the largest Korean corporations such as Samsung, SK, Hyundai Motor, CJ, Lotte, LG, Daewoo E&C, HYOSUNG...

Chairman of HYOSUNG Group - Cho Hyun Joon (Rear row, 4th, left). Image. Internet.

In Vietnam, Hyosung is a tight-lipped Chaebol, not too prominent like Samsung, LG, Hyundai, Lotte... because their products are not consumer goods, home appliances or technology goods. Even so, Hyosung is known as a major investor in Vietnam and the largest in Dong Nai province. The Group operates in the fields of manufacturing yarns for the textile industry, automobile tires; manufactures transformers, chemicals, industrial materials, heavy industry and information technology.

The first and largest base in Vietnam today of this Group is IDICO Nhon Trach 5 industrial park, Nhon Trach district, Dong Nai province of IDICO Corporation. Since 2007 until now, Hyosung has invested about 4 billion USD in projects in Nhon Trach 5 IDICO Industrial Park (on a leased land area of about 130ha) and in other provinces such as Ba Ria - Vung Tau, Quang Nam, Bac Ninh ; creating jobs for thousands of workers as well as making great contributions to the local economy and national GDP.

The presence of Chaebol HYOSUNG at Nhon Trach 5 IDICO Industrial Park. Photo: IDICO

Not only focusing on investing in developing existing business activities, Hyosung is also researching and investing in fields that the group has never done in Vietnam such as biotechnology, high technology, information and technology...
IDICO is proud to be a traditional and prestigious partner of HYOSUNG and other large Korean corporations such as POSCO, GS INDUSTRY, JANGIN FURNITURE, HYUNDAI, OTO VINA as well as many other major brands in the world such as HEINEKEN, SUNTORY PEPSICO, KINGSPAN, LINDE GAS...

Through this State-level diplomatic trip between Vietnam and Korea, IDICO hopes to continue to cooperate with Korean investors wishing to invest in Vietnam.

IDICO currently has 10 industrial parks across the country, including legal ready-made industrial parks, connecting infrastructure to serve investors such as Phu My 2 and Phu My 2 expanded IPs, Ba Ria - Vung Tau, area 1,020ha; Huu Thanh Industrial Park IDICO Long An province, area 524ha; Cau Ngan Industrial Park, Thai Binh province 184ha.