Doosan Heavy to mentor partners to start in Vietnam
Doosan Heavy Industries & Construction Co. has recently signed a memorandum of understanding (MoU) with its five partners at its Vietnamese operation Doosan Heavy Industries Vietnam Co. (Doosan Vina) to help them enter the Vietnamese market.
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It will also enter into negotiations with the local authorities to help the partners receive benefits, like tax cuts and other incentives.
The power generation market in Vietnam has strong growth potential as the country is expected to add new facilities, generating 100GW of energy by 2030.
“We will expand our support beyond Vietnam to India to help our partners start business there as well,” said Kim Myung-woo, chief executive of Doosan Heavy.
