Ecoba Vietnam and Hyundai Engineering & Construction Co. Ltd (Hyundai E&C), a subsidiary of the Korea-based Hyundai Motor, signed a memorandum of understanding on project development in Hanoi on May 22nd.

The two sides said they will engage in specific joint activities to realise the mutually beneficial collaboration.

According to Mr Vo Tien Dat, the two companies will introduce potential projects to each other and jointly study the feasibility of their cooperation for a project. Thanks to the combination of the brand, the management platform and the advanced technologies owned by Hyundai Group, Ecoba's ability to mobilize resources and understand the domestic market, the effectiveness of project that we bring to our customers will reach the optimal levels.

Established in 1947, Hyundai E&C was listed among the world top 25 construction firms by the US magazine Engineering News-Record. It has so far set up representative offices in over 16 countries, including Vietnam. 

In Vietnam, Hyundai E&C has participated in a number of projects, such as the Mong Duong 1 thermo power plant in Quang Ninh province, Bitexco Financial Tower in Ho Chi Minh City, and Song Gia Golf Resort in Hai Phong City.–VNA