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POSCO E&C Wins Friendship Medal from Vietnamese Government

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SEOUL, South Korea, Oct. 10, 2012 /PRNewswire/ —

•  Establishes the Hanoi capital construction master plan •  Wins the Medal for its contribution to the development of the Vietnamese construction industry

On October 5th, POSCO E&C (vice-chairman & CEO Chung Dong-Hwa) won the Friendship Medal from the Vietnamese government for successfully establishing the Hanoi capital construction master plan and contributing to the development of the Vietnamese construction industry.

(Photo: )

The Vietnamese Friendship Medal is the most authoritative reward given to those foreign organizations or individuals who have made an outstanding achievement and undertaken cooperation in various fields, including economics, society, politics, diplomacy and national defense in Vietnam.

The Friendship Medal ceremony was held at a residence of the Vietnamese Construction Ministry and saw participation by many figures, including Nguyen Tran Nam, the Vietnamese deputy-minister for construction and other high-ranking officers, as well as Sohn Woo-Joon, the construction officer from the Korean Embassy in Vietnam, Chung Dong-Hwa , POSCO E&C vice-chairman and CEO.

POSCO E&C vice-chairman Chung Dong-Hwa said in his speech, “POSCO E&C will focus on establishing a mutually beneficial relationship with local joint ventures and its partners in Vietnam and, at the same time, create opportunities to realize shared growth with more Vietnamese companies.”

In September 2008, POSCO E&C received an order to establish the Hanoi capital construction master plan, in association with Perkins Eastman (US), which, in July 2011, it completed successfully, having received approval from the Vietnamese government.

The Vietnamese government launched this project to coincide with the commemoration of the 1000th anniversary of Hanoi as the capital of Vietnam in 2010 and aimed through the project to expand the area of Hanoi to three times bigger from its current 921 square kilometers to 3344.6 square kilometers. As this master plan project covers all kinds of areas, including new towns, roads, waterworks and sewage, electricity, river improvement, railways and IT, it is said to be one of the biggest capital master plan projects in the world, unprecedented in terms of its size and scope.

The construction company established a master plan, aiming to construct a future-oriented, sustainable green city by establishing an ecological natural environment protection plan, setting green corridors to prevent urban developments that may run against the environment, and also establishing an eco-friendly ecological urban plan.

As the company completed the Hanoi capital construction master plan successfully as the leader in the project, and was recognized for its achievement through this government reward, it is widely anticipated that more Korean companies will be able to join the process of urban development in the future.

In the meantime, ever since its founding in 1995, POSCO E&C has been actively participating in infrastructure construction projects, including steel plants, harbors, hospitals and expressways, in many Vietnamese cities, including Ho Chi Minh, Hanoi and Hai Phong.

At present, the company is contributing to the development of Vietnamese industry through various construction projects, including the project for Splendora, Vietnam’s first self-reliant new town, and the Noi Bai-Lao Cai expressway project.

Contact Person: Mr.Dong-Jun Chun Email: Phone: +82-3-2748-2755 Homepage:


Written by asiafreshnews

October 12, 2012 at 9:21 am

Posted in Business & Finance

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