Posted on 01/17/2023 10:34:38 AM PST by BenLurkin
Vietnam is striving to become an advanced country by 2045. To this end, it plans to invest in transportation, energy, information and communications technology (ICT), and infrastructure. The scale of the infrastructure industry is also expected to grow at an average annual rate of 9.8% from $5.2 billion last year to $11 billion in 2030.
Currently, construction companies that stand out in Vietnam such as GS E&C, Daewoo E&C, and Lotte E&C are strengthening their local presence by conducting large-scale development projects in Ho Chi Minh in the south and in Hanoi in the north, the newspaper wrote.
In addition to Hanoi, Daewoo E&C, the first Korean construction firm to be present in Vietnam (in 1991), is showing some signs of targeting southern Vietnam while considering investment expansion in Binh Duong province near Ho Chi Minh City.
(Excerpt) Read more at e.vnexpress.net ...
Their version of communism seems to be working pretty well.
They pretty much abandoned Communism in the mid-80s.
Homogeneous population with natural resources and a desire to “move on up to the Eastside.”
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