CORPORATE INFORMATION
Daewon Group is a Korean company which was established in 1972 in Busan, Korea. The group is specialized in textiles and garments and real estate industry. The company has penetrated Vietnam market since 2002. At present, its business here involves in those two fields, with the main focus on housing development.
The following are Daewon Group’s affiliates and joint ventures in Vietnam :

• Daewon Textile Co., Ltd
• Daewon – Thuduc Housing Development JVC, a joint venture with Thuduc Housing Development JSC
• Daewon Danang Co., Ltd
• Daewon Hoan Cau Housing Development JVC, a joint venture between Daewon Group and Hoan Cau Co., Ltd
• Daewon Construction Co., Ltd
• THT Development Co., Ltd
• Daewon Cantavil Co., Ltd
• Daewon – Hancic Housing Development Co., Ltd, a joint venture with Hanoi Construction investment JSC and Jayong Co., Ltd. Daewon family company.

Danang City’s authori-ties have issued an investment license to Daewon Cantavil Construction Co., to build the Daphuoc International Urban Zone, hoping the project will pave the way for improving the city’s image as well as advancing its ef-forts to be the country’s main in-vestment hub.

Danang already is the economic hub of central Vietnam, just as Ha-noi is of the north and Ho Chi Minh City of the south. But foreign investors are becoming, aware of its potential, and its still unclaimed opportunl-ties having realized that the other two hubs are nearing capacity. However, the Daphuoc project is just one of many that have recently been announced for the develop-ment of  Danang.

The project involves a new town called Daewon Daphuoc International New Town or D – Town, Eung-sik Chun Daewon Construction Co., Ltd first deputy general director said “ D – Stands for Danang, Daewon and both parties “dreams”  The new town is in Daphuoc, which has a beautiful outlook to the beach. The project has an investment capital of US$250 million, the biggest ever in the city. It is located on 210 hect-ares, with one side facing Danang. Beach and the other the Han River.

“Danang is in the center of Vietnam and Southeast Asia” said Chun “ As it is at the eastern end point of the East – West Economic corridor, which runs from Myan-mar to Thailand, Laos and Vietnam. Danang will be the region’s center for trading, transportation, tourism and financial activity.

Tourism hub.
As Danang has a very good location and natural beauty, it is becoming a center for Vietnam tourism. Many tourists have been choosing the locality as their main destination. In addition, as there are many places that have not been tapped or have been developed in an inappropriate way. The oppor-tunities for the city’s development remain extensive.

Seizing on this concept, Korea’s Daewon Cantavil will make the town in the shape of the sickle moon. “ We looked to feng shui concepts to shape D- Town,” said Howang Yu – nam executive director and over – seas business team of Daewon Co., Ltd “ A sickle moon is a moon that is going to be full step by step. It is similar to Danang City. The city has a lot of potential. And step by step it is using its potential to develop.One day it will be complete.”

The developer also revealed that with this project it is looking to tourists who want high – end services. All services in the town will be of five star standard. The project’s  development objectives include commercial, conference and hotel buildings, residential buildings, houses and villas, resorts, golf courses, an international school and a cultural center.

The special feature of this project is an area devoted to commercial and conference buildings and hotels, which spreads right into the sea at Danang beach. It will look like a small island and is being promoted as the eye of the town, Danang City , and Vietnam as a whole. This area will cover 120,410 square meters “ this will be the first sea – encroaching town in Vietnam as well as in Southeast Asia,” Chun said “ we want to take advantage of the beauty of the area’s natural features facing the beautiful Danang, Beach”.

This “small island” will have a commercial, conference and hotel building that might have 50 to 60 floors. The building will have an area of 66,225 square meters. The other part is devoted to enter-tainment, conference and sports centers. The part reaching the sea will be devoted to a marina. This “island” will also have areas for a shopping mall and cinema multi-plex.

The town will have a big area for golf courses and villas, “Da Phuoc is a special area of the city,” Chun said “ it has a unique terrain. A part of the area is soft ground, so we will use it to develop golf courses”. More than 800,000 square meters of the town area will be for 18 – hole golf courses of an international standard. Villas will cover 50,000 square meters.

Along waterfront, Daewon Cantavil will place tens of commercial and residential high – rise buildings. Behind will be villas and houses. The feature of this part is a canal that opens to the sea. Houses will be built along the canal. Residents will be able to travel by boat along it, for transportation or for pleasure.

All elements of infrastructure will be fully provided, Services will be provided by other investors who are interested in the town. “At present many investors, have shown their interest in developing their services in the town,” Chun said “ We expect that in the five years period, the whole town will be fully occupied. We have experl-ence in developing residential and commercial towns and centers like this, so we are confident about our expectation.

“ D- Town will be available with all kinds of services, including an international school and cultural center. In addition we will call for investors to develop healthcare services. So people who choose to live here, or investors who locate their services here, or tourists who want to enjoy luxury and pleasure, will be assured that all services will be vailable.

Target
Daewon Cantavil is the sole investor of this project, which will be divided into two phases, “ Our purpose is to develop infrastructure and we will call for investors to develop services,” Chun said “ So within the 10 – year period, we will have all infrastructure available. Investors can come in during the construction or later, after it is completed, we will start the second phase after the first one. We won’t wait until the first phase is fully occupied.”

Da Phuoc had long been chosen as the pick of the bunch by developers looking for Danang projects. Many developers domestic as well as international submitted their rojects to the authorities. However, since Daewon Cantavil’s project is most in conformity with the city’s development plan and had special features that added to the city’s value, it was selected after one year of procedural checking.

According to Daewoo Cantavil, D – Town is the eye of the city, so it will be open for everyone to enter, just like other towns. The project will be under construction within 10 – years including land reclamation. The duration of the project license is 50 years “ The project is our long- term commitment to Vietnam,” Chun said.