South Korean engineering and construction firm Daelim Industrial has won a contract valued at around $84m to build a light rail transit system in Vietnam.

The contrac is Daelim’s first rail project in the country and forms a part of the Vietnamese Government’s plans to deal with the heavy traffic congestion in major cities.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The contract covers construction of an 8.5km elevated rail system in downtown Hanoi, reports Yonhap News Agency.

"The project can open new opportunities for Daelim to expand its business areas."

Construction work on the light rail transit system is set to begin in May and is expected to be complete by the end of 2016.

Vietnam is currently planning to develop eight rail transit lines in Hanoi alone, Daelim said.

Daelim Industrial said: "The project can open new opportunities for Daelim to expand its business areas."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company is seeking to expand its presence in South East Asia and the Middle East. It has won several other projects to construct bridges, airport terminals, port facilities and power plants, as well as expanding into civil engineering and public work projects.

Daelim Industrial is engaged in the engineering and construction, and petrochemical operations in South Korea and internationally.

It is also involved in building and housing works, including residential projects, commercial and mixed use projects, and remodelling activities; and civil works, such as roads, bridges, railway, waterworks, sewage facilities, dams and others.