SEOUL, South Korea, Sept. 11, 2024 /PRNewswire/ -- Hyosung Chairman Cho Hyun-joon is fostering Vietnam as Hyosung's global strategic base through continuous investment.
Since Hyosung first moved to Vietnam in 2007, it has been growing together with the Vietnamese economy. Hyosung has invested a total of $3.5 billion and established approximately six production subsidiaries across the country. In 2007, Hyosung established its first Vietnamese subsidiary in Nhon Trach Industrial Park in Dong Nai Province, near Ho Chi Minh City, followed by the Dong Nai subsidiary on an adjacent site in 2015.
Currently, Hyosung produces spandex, heavy electrical equipment, and other products in Vietnam. The spandex plant in Vietnam, as a single factory, holds the largest production capacity among Hyosung's global production bases.
Continuous Investment in Vietnam and Expansion of Sustainable Business Based on DX
Chairman Cho plans to continue increasing investments, considering Vietnam as a priority for expanding Hyosung's global production base. Hyosung intends to lease additional land in the southern region of Vietnam to establish an integrated production system for the textile business, covering everything from raw materials to final products.
Additionally, Hyosung is reviewing various investment options to prepare for the proliferation of infrastructure investment in Vietnam, including the supply of power equipment, urban infrastructure facilities, IT infrastructure, and fintech.
In particular, the company plans to accelerate digital transformation (DX) by converting the Vietnamese production base into a smart factory. It also plans to expand sustainable businesses, such as the recycled fiber business.
Chairman Cho Hyun-joon, utilizing his accumulated expertise in business, plans to build a foundation for sustainable development by establishing a business environment that keeps up to global carbon neutrality and climate change standards.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Chairman Cho Develops Vietnam as Key Base for Sustainable Management
Chairman Cho Develops Vietnam as Key Base for Sustainable Management
Chairman Cho Develops Vietnam as Key Base for Sustainable Management
Chairman Cho Develops Vietnam as Key Base for Sustainable Management
SINGAPORE, Sept. 17, 2024 /PRNewswire/ -- The Asia Pacific Enterprise Awards (APEA) 2024 proudly celebrated Taiwan's leading business leaders and enterprises driving the future of inclusive entrepreneurship. In an exclusive ceremony held on 13th September at the Grand Hyatt, Taipei, industry leaders were honored for their outstanding contributions to fostering diverse, equitable, and innovative business practices. Organized by regional NGO Enterprise Asia, the APEA is Asia's largest award networking platform, spanning 16 markets annually. Under the theme "Celebrating Inclusive Entrepreneurship", the 2024 Awards recognize visionary business leaders whose initiatives and strategies have actively contributed to the realization of an inclusive entrepreneurship ecosystem in Taiwan.
The award recipients were selected from over 150 nominees through a rigorous evaluation process by a jury of prominent judges across four categories: Master Entrepreneur, Inspirational Brand, Fast Enterprise, and Corporate Excellence.
Since 2007, the Awards has been organized all over the region with past recipients comprising Taiwan's Douglas Tong Hsu, Hong Kong's Francis Lui and Lawrence Ho, TTC Vietnam's Dang Van Thanh, Thailand's Supaluck Ampuj, Cuckoo Malaysia's Hoe Kian Choon, Indonesia's Hary Tanoesoedibjo and Mochtar Riady, India's Adi Godrej, and the Philippines' Dennis Anthony Uy.
Dr. Fong Chan Onn, Chairman of Enterprise Asia, expressed in his welcome speech that "We stand at a pivotal moment where the entrepreneurial spirit can act as a powerful catalyst for change. By championing inclusive entrepreneurship, we can address social inequalities, create jobs, and foster resilient communities. Our collective efforts can lead to a future where entrepreneurship is not just a privilege for the few, but an opportunity for many."
Among the notable awardees are Fwusow Industry Co., Ltd.'s Chairman Yau-Kuen Hung, Excellence Optoelectronics Inc.'s President Huang, Fang-Yue, and Qisda Corporation's President Joe Huang, who have demonstrated exceptional commitment to fostering diversity and equal opportunities within the entrepreneurial landscape through championing inclusivity and creating pathways for various individuals to thrive in the business world.
Further outstanding awardees include Golden Insurance Brokers Co., Ltd. under the Fast Enterprise category, CPC Corporation, Taiwan and Wincomm Corporation under the Inspirational Brand category, and Pacific SOGO Department Stores Co., Ltd. and Raydium Semiconductor Corporation under the Corporate Excellence category.
The Asia Pacific Enterprise Awards 2024 Taiwan Chapter is supported by the Strategic Public Relations Group (SPRG) and Taiwan Institute for Sustainable Energy (TAISE), with KPMG Taiwan as the Official Assurance Partner. PR Newswire is the Official News Release Distribution Partner, and Commercial Times, Dailywire.asia, and SME Magazine are the Media Partners.
AWARD RECIPIENT LIST OF THE ASIA PACIFIC ENTERPRISE AWARDS 2024 TAIWAN CHAPTER
MASTER ENTREPRENEUR CATEGORY
NAME
COMPANY
INDUSTRY
LAI WEN CHANG
CHAIRMAN
ALLJACK TECHNOLOGIES, INC.
MANUFACTURING
LAI HUNG
FOUNDER & CHAIRMAN
ARTISTIC BIOMEDICAL LIMITED COMPANY
HEALTHCARE, PHARMACEUTICAL & BIOTECHNOLOGY
LINDA LU
CHAIRMAN
AWESOME GROUP
EDUCATION & TRAINING
KAI-LUN HUANG
CHAIRMAN & CEO
BAUSEN INC.
BUILDING MATERIALS
HUANG, SHIH-CHUN
CHAIRMAN
CHAINSEA INFORMATION INTEGRATION CO., LTD.
TELECOMMUNICATIONS & ICT
LEE SHUN-CHIN
CHAIRMAN & STANDING DIRECTOR
CPC CORPORATION, TAIWAN
OIL & GAS
ANDY SU
CHAIRMAN & CEO
DARFON ELECTRONICS CORP.
MANUFACTURING
HUANG, FANG-YUE
PRESIDENT
EXCELLENCE OPTOELECTRONICS INC.
AUTOMOTIVE
DR. YUNG-CHANG CHANG
MANAGING DIRECTOR
FAR EASTERN ELECTRONIC TOLL COLLECTION CO., LTD.
TRANSPORTATION & LOGISTICS
RICK LIAO
CHAIRMAN
FORESTAR BROKERAGE CO., LTD.
FINANCIAL SERVICES
YAU-KUEN HUNG
CHAIRMAN
FWUSOW INDUSTRY CO., LTD.
FOOD & BEVERAGE
CHANG, CHIH-CHIANG
CEO
GLORY TECHNOLOGY SERVICE INC.
TELECOMMUNICATIONS & ICT
WILLIAM TSAI
GENERAL MANAGER
GOLDEN INSURANCE BROKERS CO., LTD.
FINANCIAL SERVICES
EDWARD HSIEH
CHAIRMAN
HD RENEWABLE ENERGY CO., LTD
ENERGY
CHEN, YING-CHIH
CEO
HUSHAN AUTOPARTS INC.
AUTOMOTIVE
WAYNE YANG
GENERAL MANAGER
IV TECHNOLOGIES CO., LTD.
MANUFACTURING
CHENG, CHENG-KUN
PRESIDENT
NAN HOANG TRAFFIC INSTRUMENT CO., LTD.
MANUFACTURING
SHU-CHEN CHEN
GENERAL MANAGER
NEFFUL INTERNATIONAL HOLDINGS PTE. LTD., TAIWAN BRANCH
DIRECT SELLING
JOE HUANG
PRESIDENT
QISDA CORPORATION
MANUFACTURING
HERMIT YK HUANG
CHAIRMAN & CEO
RAYDIUM SEMICONDUCTOR CORPORATION
SEMICONDUCTOR
CHENG HSIEN WU
CHAIRMAN
YUAN JIN CHUANG ENTERPRISE CO., LTD.
FOOD & BEVERAGE
FAST ENTERPRISE CATEGORY
COMPANY
INDUSTRY
FORESTAR BROKERAGE CO., LTD.
FINANCIAL SERVICES
GOLDEN INSURANCE BROKERS CO., LTD.
FINANCIAL SERVICES
IV TECHNOLOGIES CO., LTD.
MANUFACTURING
PRESIDENT INFORMATION CORP.
TELECOMMUNICATIONS & ICT
INSPIRATIONAL BRAND CATEGORY
COMPANY
INDUSTRY
ARTISTIC BIOMEDICAL LIMITED COMPANY
HEALTHCARE, PHARMACEUTICAL & BIOTECHNOLOGY
AWESOME GROUP
EDUCATION & TRAINING
CNC-TAKANG CO., LTD.
TRADING & WHOLESALING
CPC CORPORATION, TAIWAN
OIL & GAS
H2U CORPORATION
PROFESSIONAL & BUSINESS SERVICES
NAN HOANG TRAFFIC INSTRUMENT CO., LTD.
MANUFACTURING
WINCOMM CORPORATION
MANUFACTURING
CORPORATE EXCELLENCE CATEGORY
COMPANY
INDUSTRY
ACE EDULINK CO., LTD.
EDUCATION & TRAINING
ALLJACK TECHNOLOGIES, INC.
MANUFACTURING
CHAINSEA INFORMATION INTEGRATION CO., LTD.
TELECOMMUNICATIONS & ICT
EXCELLENCE OPTOELECTRONICS INC.
AUTOMOTIVE
FARADAY TECHNOLOGY CORPORATION
SEMICONDUCTOR
GREENFILTEC.LTD
SEMICONDUCTOR
GREENYN BIOTECHNOLOGY CO., LTD.
MANUFACTURING
HUSHAN AUTOPARTS INC.
AUTOMOTIVE
NEFFUL INTERNATIONAL HOLDINGS PTE. LTD., TAIWAN BRANCH
DIRECT SELLING
PACIFIC SOGO DEPARTMENT STORES CO., LTD.
RETAIL
RAYDIUM SEMICONDUCTOR CORPORATION
SEMICONDUCTOR
SHIN KONG LIFE INSURANCE CO., LTD.
FINANCIAL SERVICES
TAI FUNG TRADING CO., LTD.
ENERGY
UNIVERGY SOLAR
ENERGY
YUAN JIN CHUANG ENTERPRISE CO., LTD.
FOOD & BEVERAGE
About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplift the economic status of people across Asia, and ensure a legacy of hope, innovation, and courage for future generations. Please visit www.enterpriseasia.org for more information.
About Asia Pacific Enterprise Awards
Launched in 2007, the Asia Pacific Enterprise Awards is the region's most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit www.apea.asia.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Asia Pacific Enterprise Awards (APEA) 2024 Celebrates Taiwan's Trailblazers in Inclusive Entrepreneurship
