At the meeting, Mr. Takeshi Yokota presented that Hyosung Group of Korea operates in many fields, including electricity, industrial systems, and construction; industrial materials; chemistry; information technology, textiles, and garments. Identifying Vietnam as a market with great potential, Hyosung has triggered vigorously investment activities in Vietnam.

Hyosung Vietnam’s delegation working at EVN

Hyosung is currently proposing to acquire EVN's shares in Dong Anh Electrical Equipment Corporation - Joint Stock Company (EEMC). Mr. Takeshi Yokota seeks EVN’s support and advice in this process. In addition, Hyosung also wishes to develop a long-term cooperation strategy with Vietnam Electricity in fields where Hyosung possesses abundant experience and advanced technology such as GIS STATCOM, ESS, transmission line construction, renewable energy, etc.

On EVN's side, the Chairman of EVN's Board of Directors Dang Hoang An said that EVN is willing to support Hyosung's suggestions. In addition, the EVN leader requested EEMC to discuss in more detail with Hyosung Vietnam to expand cooperation in developing not only transformer technology but also other advanced technologies such as SVC (static compensation controller), STATCOM (synchronous compensation controller), etc.

evn.com.vn