CJ wants to expand investment in city

10:56 | 07/04/2012
South Korea’s CJ Group is planning to expand investment in various fields in HCMC after having developed some projects in Vietnam, said Lee Jay Hyun, president of the company.
President of CJ Group Lee Jay Hyun (R) exchanges business cards with HCMC chairman Le Hoang Quan at the meeting on Tuesday

Speaking at a meeting with leaders of the city on Tuesday, he said the investment expansion plan for HCMC was part of CJ’s globalization strategy. The company is active in sectors such as food, catering services, entertainment and communications, pharmacy, home shopping and goods transport.

The home shopping service of CJ is running well but the group targets to offer more products to customers instead of 70 products as at present.

CJ now buys Vietnam’s farm produce and seafood products for export to South Korea.

At the meeting, HCMC chairman Le Hoang Quan said he appreciated CJ’s plan and proposed the group study developing a pharmaceutical industrial park in the city.

Regarding the entertainment and communications sector, HCMC vice chairman Hua Ngoc Thuan said the group should consider getting involved in a film studio project of HCMC Television Station under way on 100 hectares in Cu Chi District.

CJ is now a major stakeholder of the MegaStar cinema chain and the owner of the Tous Les Jours bakery chain. It has facilities that supply meals for workers and is involved in a comprehensive cooperation deal with C.T Group.

Saigontimes

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