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Doosan supports partners to enter Vietnam

Released at: 14:11, 22/06/2017

Doosan supports partners to enter Vietnam

Photo: Doosan Vina

MoU signed with partners to assist them in working with Doosan Vina.

by Doanh Doanh

South Korea’s Doosan Heavy Industries & Construction Co. signed a memorandum of understanding (MoU) with five of its partners at its Vietnamese operation, Doosan Heavy Industries Vietnam Co. (Doosan Vina), to help them enter the Vietnamese market.

Doosan will provide consultancy in administration, financial management, and business management to support its partners in establishing subsidiaries or manufacturing facilities at the site of the Doosan Vina complex. 

It will also enter into negotiations with local authorities over its partners receiving benefits such as tax incentives. 

Vietnam’s power generation market has strong growth potential as the country is expected to add new facilities generating 100 GW of energy by 2030. 

“We will expand our support beyond Vietnam to India to help our partners to start business there as well,” said Mr. Kim Myung-woo, CEO of Doosan.

Doosan Vina is a high-tech industrial complex at the Dung Quat Economic Zone in central Quang Ngai province employing nearly 2,500 local workers and supplying the mega infrastructure products that make modern life a reality.

Its products include boilers for thermal power plants, heat recovery steam generators that increase the efficiency of a typical power plant by over 30 per cent, desalination plants the size of a football field that turn sea water into fresh water, material handling systems such as the cranes that are at the heart of logistics at ports around the world, and chemical processing equipment that turns the earth’s natural resources into the useful products we use every day.

The Doosan Group is a global multinational focusing on power, water and other infrastructure developments worldwide. It is headquartered in Seoul, South Korea, has operations in 38 countries, over 42,600 employees, and $22 billion in annual revenue.

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