HO CHI MINH CITY — South Korea’s Hyosung plans to double its investment in Vietnam, pouring a further $4 billion into data centers, aviation fuel and other areas in the supply-chain hub.
The Vietnamese government made the announcement after Prime Minister Pham Minh Chinh met with company chairman Cho Hyun-joon for a second time in three months. Cho previously said Hyosung will put Vietnam at the center of its foreign investment, following the footsteps of chaebol from Samsung to CJ Group that treat the communist country as pivotal to their global strategy.
