Hyundai E&C bolsters CSR activities in Vietnam

Hyundai Engineering & Construction, the construction arm of Hyundai Motor Group, is strengthening its corporate social responsibility activities as part of efforts to cement its status as a global builder in Vietnam.

“After a half-century since the entry to Vietnam back in 1966, the company is evolving into a global infrastructure builder there,” the nation’s top builder said in a press release on Monday.

Vietnam is a fast-growing economy that achieved more than 6 percent in economic growth last year.

The accumulated amount of orders won by Hyundai E&C over the past 50 years reached up to 3.2 trillion won ($2.6 billion), as of 2015.

The scope of construction projects led by the Korean builder include housing, commercial buildings, subways and power plants.

The company’s most recently completed project was a thermal power plant with 1,000 megawatt power generation capacity in Mong Duong, some 250 kilometers northeast of Hanoi. It was financed by the Asian Development Bank.

“It is natural for a company with business success stories to bolster CSR programs, aimed at giving back to the society for sustainable growth,” the builder said.

The Hyundai-KOICA Dream Center, a vocational training school, was opened in Hanoi, Vietnam, in February this year. It is the builder’s flagship program that gives back to society in the country. KOICA is a state-run international aid agency.

Jointly developed and run by the builder’s parent company Hyundai Motor and KOICA, the program offers college students construction training courses including those on construction safety. Hyundai Motor also runs a vehicle maintenance course there.

“The company plans to hire qualified trainees who have completed the course with high scores for construction projects in the region,” the builder said.

By Seo Jee-yeon (jyseo@heraldcorp.com)