Key conclusions
- 1Construction and real estate is a long-standing large Korean investment area
- 2GS, Daewoo, Lotte and Keangnam develop landmarks and new towns
Impact on Korean companies — Demand for subcontracting, materials, M&E, interiors and technical talent.
Contents
A long-standing large investment area
Alongside manufacturing, construction and real estate is a long-standing, large-scale Korean investment area in Vietnam — from landmark towers to large new towns.
The leading players
- GS E&C: developer and contractor of a Nha Be new town (HCMC).
- Daewoo E&C: the Starlake (Tay Ho Tay) mega new town in Hanoi.
- Lotte: Lotte Center Hanoi and Lotte Mall Tay Ho.
- Keangnam: Landmark 72 in Hanoi, once Vietnam's tallest.
From landmark towers to new towns
Korean firms build not only landmark towers but also large new towns such as Starlake (Hanoi) and Phu My Hung (HCMC) — a Korean imprint on Vietnam's urban development.
What it means for Korean companies
Construction and real estate drive demand for subcontracting, materials, M&E, interiors and technical talent. For provincial sites, see the entry map .
Opportunities
- Downstream supply of subcontracting, materials and M&E
- Interiors and equipment partnerships
- Construction technical-talent and engineering partnerships
Risks
- Real-estate-cycle volatility risk
- Permitting and regulatory burden
Recommended actions
- Map the value-chain needs of Korean construction projects
- Check materials/construction quality and certification requirements
- Confirm entry requirements via KOTRA
KVBiz · Vietnam Entry
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Sources & methodology
This content is reference material reconstructed from public reporting and institutional information for a Korean-business audience; it is not investment or legal advice. Please verify through official channels such as KOTRA before making decisions.
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