Singing MOU between Can Tho City Department of Planning and Investment and Daewon Cantavil Pte.,Ltd. (Singapore)

Mr. Le Thanh Tam (left, sitting) and Mr. Cheun Eungsik (right, sitting) signing the MOUs

A signing ceremony of the Memorandum of Understanding between the City Department of Planning and Investment Can Tho with Daewon Cantavil Pte., Ltd Group (Singapore) was held in Can Tho City on 09 September 2023. Attending the ceremony was Mr. Duong Tan Hien, Standing Vice Chairman of the City People's Committee and related departments and agencies. On the partner side, there was Mr. Cheun EungSik, Chairman of Daewon Cantavil Pte., Ltd. and his team members.

It has been agreed that the City Department of Planning and Investment and Daewon Cantavil Pte., Ltd. to sign the MOU to exchange information and and support in research, implementation and deployment of projects in the city. Currently, Daewon Cantavil Pte., Ltd. is interested in investing in several projects including golf course, housing, and international school projects.

Daewon Cantavil Pte. Ltd. (Singapore) is one of the member companies of Daewon Group (Republic of Korea), a multi-industry group specializing in urban development, housing and commercial development, eco-tourism, smart farms, etc. in Republic of Korea as well as Vietnam. In the Vietnamese market, Daewon is known as a large enterprise and has created a high-end brand in the housing sector with typical projects such as Cantavil Condotel & Villas Resort, Centum Wealth Complex, Daewon Cantavil Premier, Emart Gò Vấp, and so on.

On behalf of the city leadership, Standing Vice Chairman Duong Tan Hien was very pleased to welcome Mr. Cheun EungSik and his accompanying members to visit and work with the city. He also thanked the delegation for their attendance at the Launching Ceremony of Vietnam-Singapore Industrial Park project in Vinh Thanh District this morning.

"I believe that with the potential of Can Tho City, with the investment trust of Korean investors and businesses in recent times, especially major projects with direct investment from Korea such as the Lottemart and TaeKwang Co., Ltd.,  Daewon would soon decide to invest in their projects in the city. At the same time, with the strengths of Daewon Cantavil Group in particular and Daewon Group in general, I am sure that participating in business investment in the city will be beneficial and contribute to the realization of goals  set out in Resolution No. 59-NQ/TW dated August 5, 2020 of the Politburo on construction and development of Can Tho City to 2030, with vision to 2045." Mr. Duong Tan Hien shared. "Can Tho City will create the most favorable conditions for businesses/investors to develop stably and sustainably, creating an open investment environment to attract all resources for development investment, building Can Tho into a reliable and attractive destination for investors. With the spirit of accompanying investors and businesses, sharing potential and developing together, Can Tho government commits to accompanying businesses and investors in the process of researching and implementing business investment. I hope that after the signing of this Memorandum of Understanding, coordination and support in providing information will take place smoothly and fully so that many Daewon projects will be formed in the future, contributing to tightening further the friendly relationship between Vietnam and Korea in general, and Can Tho and Korea in particular."

According to Mr. Cheun EungSik, Chairman of Daewon Cantavil Pte., Ltd, General Director of Daewon Singapore, Can Tho market is known through many documents and introductions from Korean partners. This signing of the MOU would open up opportunities for the Group to invest in the Can Tho market. In addition, Mr. Cheun shared that there was already direct flights from Seoul to Can Tho and he hoped there would be many Korean visitors to Can Tho in the upcoming time. Besides, Can Tho should develop more services for foreigners, especially Koreans. Deawon Group would participate in investing in many services in the city. With the signing of this MOU with Can Tho City, the Group expressed its interest in investing in the Vietnamese market after 20 years' presence in Vietnam.

Standing Vice Chairman Duong Tan Hien (fifth from left) taking group photos with meeting delegates