Hyosung Cho Hyun Joon President to Develop Vietnam as a Strong Base for Growth
Hyosung Vietnam Co. remains in the black since 2009; annual sales exceed 1 trillion won ever since 2014
Hyosung Cho Hyun Joon President says “Hyosung will expand its business actively to Vietnam’s various infrastructure areas as well.”
Hyosung Cho Hyun Joon President has drawn up a strategy to maximize the capacity of the Vietnam plant which serves as a production base for Hyosung’s flagship products. Then, he implemented the strategy in stages, building an integrated production system to raise output efficiency. As a consequence, it has remained in the black since 2009. From 2014, its sales exceeded 1 trillion won, taking up more than 1 percent of total Vietnamese exports.
Hyosung Cho Hyun Joon President met with Vietnamese Prime Minister last November and discussed infrastructure and new investment projects in the Southeast Asian nation. Cho Hyun Joon President told the Vietnamese Prime Minister that he had plans to advance to many fields including apartments, power plants, waste disposal facility, petrochemical industry, ATM and electronic payment in step with Vietnam’s rapid economic growth.
Hyosung Cho Hyun Joon President has emphasized, “On the basis of Hyosung’s own global competitiveness, it will expand its business actively to Vietnam’s various infrastructure areas as well.”
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