At the meeting, General Director Kim Kyung Hwan briefly introduced to the Deputy Minister about the company's investment and operations in Vietnam in recent years. Hyosung has started doing business in Vietnam since 2007, and has so far invested more than 3.7 billion USD in Vietnam. Hyosung operates in the field of textile industry, raw materials industry, and chemical industry.
Regarding the future direction, Hyosung will invest in new areas that have never been invested in Vietnam such as: data centers, carbon fiber... Hyosung is currently building data centers in Korea and has Plan to build the first data center in Vietnam worth 300 million USD, will be completed in 2026.
Deputy Minister of Information and Communications Pham Duc Long received Mr. Kim Kyung Hwan, General Director of Hyosung Vietnam Company Limited.
With such an orientation, General Director Kim Kyung Hwan wishes to receive support from the Ministry of Information and Communications as well as consult with the Ministry on a number of issues related to the Ministry's policies and orientations in central areas. data, cloud computing, foreign ownership of data centers.
Responding to Hyosung's representative, Deputy Minister Pham Duc Long said that the Ministry of Information and Communications highly appreciates Hyosung's decision to invest in building a data center in Vietnam. As the Ministry of State management in the field of digital technology and ICT industry, the Ministry of Information and Communications is always ready to accompany and support foreign businesses to invest successfully in Vietnam.
Deputy Minister Pham Duc Long took souvenir photos with Mr General Director of Hyosung Vietnam Co., Ltd
Deputy Minister of Information and Communications said that Vietnam is currently building an ICT Industry Development Strategy, while striving to become a regional hub for ICT, especially cloud computing.
The Ministry of Information and Communications is currently drafting the Telecommunications Law (amended), which defines data centers and cloud computing as a type of telecommunications service. This is a new technology field, Vietnam encourages foreign businesses to invest in these fields. However, the Deputy Minister noted that businesses when providing data center and cloud computing services must comply with regulations on information security, network security, and protection of users' personal data. Vietnamese consumption.
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Hyosung Group began investing in Nhon Trach Industrial Park in Dong Nai province in May 2007, and has so far invested about 3.7 billion USD with about 8,800 employees working at 8 companies. Hyosung is manufacturing automatic teller machines in Bac Ninh province in the North, producing Tirecord tire fibers, Airbag airbags in Quang Nam province in the Central region, Tirecord/ Steelcord/ Spandex/ Nylon/ Motor fibers in Dong Nai Province in the North. the South, and polypropylene chemical products in Ba Ria Vung Tau Province. There is also a construction company in Ho Chi Minh City.
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Giang Pham
