{"id":59298,"date":"2024-09-11T12:04:10","date_gmt":"2024-09-11T12:04:10","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/09\/11\/chairman-cho-develops-vietnam-as-key-base-for-sustainable-management\/"},"modified":"2024-09-11T12:04:10","modified_gmt":"2024-09-11T12:04:10","slug":"chairman-cho-develops-vietnam-as-key-base-for-sustainable-management","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/chairman-cho-develops-vietnam-as-key-base-for-sustainable-management\/","title":{"rendered":"Chairman Cho Develops Vietnam as Key Base for Sustainable Management"},"content":{"rendered":"<div>\n<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2011594\/Hyosung_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"xn-location\">SEOUL, South Korea<\/span>, <span class=\"xn-chron\">Sept. 11, 2024<\/span> \/PRNewswire\/ &#8212; Hyosung Chairman <span class=\"xn-person\">Cho Hyun<\/span>-joon is fostering <span class=\"xn-location\">Vietnam<\/span> as Hyosung&#8217;s global strategic base through continuous investment.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2502854\/image_1.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2502854\/image_1.jpg?p=medium600\" title=\"\" alt=\"\"> <\/a> <br \/><span><\/span><\/p>\n<\/p><\/div>\n<p>Since Hyosung first moved to <span class=\"xn-location\">Vietnam<\/span> in 2007, it has been growing together with the Vietnamese economy. Hyosung has invested a total of <span class=\"xn-money\">$3.5 billion<\/span> and established approximately six production subsidiaries across the country. In 2007, Hyosung established its first Vietnamese subsidiary in Nhon Trach Industrial Park in <span class=\"xn-location\">Dong Nai Province<\/span>, near <span class=\"xn-location\">Ho Chi Minh City<\/span>, followed by the <span class=\"xn-location\">Dong Nai<\/span> subsidiary on an adjacent site in 2015.<\/p>\n<p>Currently, Hyosung produces spandex, heavy electrical equipment, and other products in <span class=\"xn-location\">Vietnam<\/span>. The spandex plant in <span class=\"xn-location\">Vietnam<\/span>, as a single factory, holds the largest production capacity among Hyosung&#8217;s global production bases.<\/p>\n<p><b>Continuous Investment in <span class=\"xn-location\">Vietnam<\/span> and Expansion of Sustainable Business Based on DX<\/b><\/p>\n<p>Chairman Cho plans to continue increasing investments, considering <span class=\"xn-location\">Vietnam<\/span> as a priority for expanding Hyosung&#8217;s global production base. Hyosung intends to lease additional land in the southern region of <span class=\"xn-location\">Vietnam<\/span> to establish an integrated production system for the textile business, covering everything from raw materials to final products.<\/p>\n<p>Additionally, Hyosung is reviewing various investment options to prepare for the proliferation of infrastructure investment in <span class=\"xn-location\">Vietnam<\/span>, including the supply of power equipment, urban infrastructure facilities, IT infrastructure, and fintech.<\/p>\n<p>In particular, the company plans to accelerate digital transformation (DX) by converting the Vietnamese production base into a smart factory. It also plans to expand sustainable businesses, such as the recycled fiber business.<\/p>\n<p>Chairman <span class=\"xn-person\">Cho Hyun<\/span>-joon, utilizing his accumulated expertise in business, plans to build a foundation for sustainable development by establishing a business environment that keeps up to global carbon neutrality and climate change standards.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2502855\/Image_2.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2502855\/Image_2.jpg?p=medium600\" title=\"\" alt=\"\"> <\/a> <br \/><span><\/span><\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL, South Korea, Sept. 11, 2024 \/PRNewswire\/ &#8212; Hyosung Chairman Cho Hyun-joon is fostering Vietnam as Hyosung&#8217;s global strategic base through continuous investment. Since Hyosung first moved to Vietnam in 2007, it has been growing together with the Vietnamese economy. Hyosung has invested a total of $3.5 billion and established approximately six production subsidiaries across [&#8230;]\n","protected":false},"author":1,"featured_media":79226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chairman Cho Develops Vietnam as Key Base for Sustainable Management - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/chairman-cho-develops-vietnam-as-key-base-for-sustainable-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chairman Cho Develops Vietnam as Key Base for Sustainable Management\" \/>\n<meta property=\"og:description\" content=\"SEOUL, South Korea, Sept. 11, 2024 \/PRNewswire\/ &#8212; Hyosung Chairman Cho Hyun-joon is fostering Vietnam as Hyosung&#8217;s global strategic base t\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.saigonbiz.com\/vn\/chairman-cho-develops-vietnam-as-key-base-for-sustainable-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Biz and Live in Saigon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaigonbizGroup\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-11T12:04:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnasia.com\/media2\/2011594\/Hyosung_Logo.jpg?p=medium600\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/chairman-cho-develops-vietnam-as-key-base-for-sustainable-management\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/chairman-cho-develops-vietnam-as-key-base-for-sustainable-management\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\"},\"headline\":\"Chairman Cho Develops Vietnam as Key Base for Sustainable Management\",\"datePublished\":\"2024-09-11T12:04:10+00:00\",\"dateModified\":\"2024-09-11T12:04:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/chairman-cho-develops-vietnam-as-key-base-for-sustainable-management\/\"},\"wordCount\":285,\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"articleSection\":[\"Pr Newswire\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/chairman-cho-develops-vietnam-as-key-base-for-sustainable-management\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/chairman-cho-develops-vietnam-as-key-base-for-sustainable-management\/\",\"name\":\"Chairman Cho Develops Vietnam as Key Base for Sustainable Management - 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