Hanoi, April 21, 2026 – As a key highlight of the Korea – Vietnam Co-Prosperity Partnership Forum held at the Sheraton Hanoi West Hotel, Daewoo E&C officially signed the Framework Agreement for the Public-Private Consultative Group to develop the “Korea-Vietnam New City” project.

The signing ceremony was a focal point of the official agenda, taking place immediately following the Appreciation Plaque Presentation Ceremony between the two government bodies. The event was honored by the direct witnessing of high-ranking officials from both nations: Mr. Kim Yun-duk, Minister of Land, Infrastructure and Transport (MOLIT, Korea), and Mr. Le Anh Tuan, Deputy Minister of the Vietnam Ministry of Construction (MOC).

This signing marks a strategic leap in forming a large-scale urban development alliance:

• Comprehensive Strategic Alliance: The event solidified the collaboration between Daewoo E&C and leading Korean construction and consulting conglomerates, including POSCO E&C, Jeil Construction, BLAKSTONE, OMEGA, HANDONG, NHO, and NIBC.
• Strong Government and Financial Backing: Witnessed by ministerial-level leaders from both countries, the project receives robust direct support from major Korean state agencies and financial institutions, including LH, KIND, Korea Eximbank, KOICA, K-sure, K water, and KDN. This guarantees high feasibility in terms of both capital resources and infrastructure engineering.
• Daewoo E&C’s Macro Vision: Playing a core role in the “Korea-Vietnam New City” alliance further reinforces Daewoo E&C’s standing as a premier real estate developer in the Vietnamese market. This serves as a solid stepping stone following the ongoing success of mega-projects like the Starlake complex.

Daewoo E&C is committed to adhering to the most rigorous urban development standards, integrating modern construction technologies to forge a world-class living environment. Simultaneously, the company aims to make practical contributions to smart city development strategies and the flourishing bilateral economic relations between Vietnam and South Korea.