Lotte Engineering & Construction on Joint Investment in Vietnam’s Apartment Development project
Lotte Engineering & Construction on Joint Investment in Vietnam’s Apartment Development project
  • Kim Min-jee
  • 승인 2018.08.10 09:52
  • 댓글 0
이 기사를 공유합니다


Lotte Engineering & Construction held a ceremony on August 9th to conclude a joint investment agreement with PhuCoungGroup at the ‘Lotte Legend’ Hotel in Ho Chi Ming, Vietnam for the development of a joint housing development project in PhuCoung Pearl. 

Nguyen Viet Cuong, Chairman of Vietnam’s PhuCoung Group, and Hong Yong-su, general manager of Lotter Engineering & Construction’s overseas sales division, participated in the joint agreement, which is a project to develop a 725-apartment complex in Ho Chi Minh. 

Lotte Engineering & Construction’s stake is expected to reach 51%, with sales of about 98 million dollars. 
The project is located in the new town of Tanmiroi, which is also attracting attention as a residential area. The project plans to house 725 houses and commercial facilities with 25 floors and 2 dwelling units on the ground. It will start construction in October and will be completed in May 2020.

PhuCoung Group in Vietnam is a major developer with large-scale land in Ho Chi Mihn. It is planning to build a new 1983471.07 m2 city project in SaobaNammuLakjia and also build 3400 apartments in Ho Chi Minh.

“Lotte Engineering & Construction has expertise in various fields such as construction, housing, infrastructure, plants, and has the ability to attract anchor tenants in complex and large-scale development projects. 
Therefore, we expect to grow together with our long-term partner through this joint investment,” said Nguyen Viet Cuong, Chairman of PhuCoung Group.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • Korea IT Times: Copyright(C) 2004, Korea IT Times. .Allrights reserved.
  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • * Mobile News:
  • * Internet news:
  • * Editorial Div. 02-578-0434 / 010-2442-9446 * PR Global/AD: 82-2-578-0678.
  • * IT Times Canada: Willow St. Vancouver BC
  • 070-7008-0005
  • * Email: