Home >> Daily News >> Vietnam >> Companies >> South Korean firms win $350m contract in Vietnam
South Korean firms win $350m contract in Vietnam
South Korea's Hyundai Engineering and LG International Corp have won a joint contract worth $250 million to build a polyester plant in northern Vietnam, Reuters quoted the Vietnamese government as saying Friday.
Under the engineering-procurement-construction contract, the two firms must complete the plant, located in Dinh Vu in the port city of Hai Phong, by 2011, the government said in a statement.
The 500-tonne-per-day factory is to be jointly owned by state oil monopoly Petrovietnam and top garment group Vinatex.
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below