On the afternoon of September 26, 2023, Construction Corporation No. 1 - Joint Stock Company (CC1) and LG Electronics Vietnam Co., Ltd. - LG Group officially signed a Memorandum of Understanding (MOU) with many important contents in promote business activities and exploit the development potential of both sides.
Attending the Signing Ceremony, on CC1's side, were Mr. Nguyen Thien Tam - Vice Chairman of the Board of Directors; Mr. Nguyen Van Ngoc - Deputy General Director of Materials Supply and Trading; Mr. Pham Canh Dong - Deputy General Director of Civil Division and managers of related departments. On the partner side, LG Electronics Vietnam has the presence of Mr. Song Ikhwan - General Director of Sales & Marketing; Mr. Yoon Jaewon - Director of commercial air conditioning industry and management staff.
Accordingly, LG Electronics Vietnam commits to providing products with guaranteed quality, quantity, meeting schedule with the best sales policy. Exchange information with CC1 in approaching and organizing implementation of projects implemented by LG Electronics Vietnam.
On CC1's side, priority will be given to using LG Electronics Vietnam products in construction projects that the unit participates in.
Over the past 44 years, CC1 has been known as one of the leading investment and construction enterprises in Vietnam in the fields of industrial, energy, civil, transportation and technical infrastructure projects. With unremitting efforts, CC1 has engraved its name on thousands of projects spread across the country. Recently, CC1 has participated in many key national projects such as: Passenger Terminal T3 - Tan Son Nhat International Airport - Ho Chi Minh City, Passenger Terminal - Long Thanh International Airport, Circus and Phu Tho multi-purpose performance - Ho Chi Minh City, Dak Nong Provincial General Hospital, City Central Square. Gia Nghia - Dak Nong, Quang Trach 1 Thermal Power Plant and bidding packages of the Eastern North - South Expressway in the period 2021 - 2025,... In addition, according to Vietnam Report, CC1 has excelled in becoming the Top 10 Enterprises The most profitable Construction industry in Vietnam and Top 5 largest Construction Enterprises in Vietnam in 2022.
Meanwhile, LG is Korea's leading multi-industry corporation founded in 1947, now has more than 140 branches and representative offices in countries and is the world's leading brand in the field of electricity. electronics and household electrical appliances. In 1995, LG officially appeared in Vietnam, becoming a reputable manufacturer and familiar brand to Vietnamese consumers. In 2013, LG Electronics invested in a production complex in Trang Due industrial park (Hai Phong) with an initial project investment capital of 1.5 billion USD, and to date has increased the investment level by more than 5 billion USD. billion USD. In addition to the business of household electronic devices and home entertainment equipment, LG Electronics is also a provider of specialized display solutions, air conditioning and energy solutions - categories Important in mechanical and electrical systems of hotels, office buildings, factories, hospitals, etc.
At the Signing Ceremony, Mr. Nguyen Van Ngoc shared: “The signing of this cooperation agreement is not only a meeting of like-minded people, but also marks the combination of businesses with the same development history.. I believe that the success of the cooperation agreement signing ceremony between CC1 and LG Electronics Vietnam will be a premise to realize the common direction of the two businesses, bringing sustainable values that challenge the times. time."
Also within the framework of the program, Mr. Song Ikhwan - General Director of Sales & Marketing LG Electronics Vietnam said: "With maximum effort and professional implementation, we believe this cooperation will create conditions for both sides to promote their strengths and potentials for the common goal of sustainable and effective development."
The signing ceremony of the Memorandum of Understanding (MOU) between CC1 and LG Electronics Vietnam - LG Group is also considered an important activity in strengthening and promoting the cooperative relationship between CC1 and Korean businesses. Previously, CC1 was successful in establishing cooperation opportunities with many leading Korean corporations such as Samsung Engineering, Daewoo, Hyundai, Doosan, etc. This not only demonstrates capacity and CC1's reputation among Korean partners but also contributes to promoting the development and expansion of cooperation with partners from other countries.
