Press Release
Hyundai HT VINA (hereinafter “HT VINA”), the Vietnamese sales subsidiary of smart home specialist Hyundai HT Co., Ltd., has signed a Strategic Cooperation Agreement (hereinafter “SCA”) and a product supply contract for the Sky Park project with local Vietnamese company Sao Viet Technology (hereinafter "Sao Viet").
The signing ceremony was held on June 4 at HT VINA’s office in Ho Chi Minh City, with key representatives from both companies in attendance. The partnership was established to strengthen the smart home business foundation in southern Vietnam and to build a comprehensive cooperation framework with a leading local partner covering distribution, technology, and project execution.
[Photo] Mr. Quach Thoai Vu, CEO of Sao Viet Technology (center left), and Mr. Chris Byeon, General Director of HT VINA (center right), pose for a commemorative photo following the signing of the Strategic Cooperation Agreement and supply contract.
Leveraging this partnership with Sao Viet, HT VINA plans to expand its smart home solution offerings and grow business opportunities centered on residential projects across Vietnam.
Under the Strategic Cooperation Agreement, both parties will jointly promote the distribution and sales of smart home solutions in the Vietnamese market. They will also collaborate on identifying residential infrastructure projects and establish a full cooperation system spanning system design, installation, commissioning, and after-sales service.
Additionally, both companies will pursue software integration and customized solution development tailored to the local market environment. Joint marketing efforts will also be undertaken to expand market reach.
The two companies also signed a product supply contract to deliver HT VINA's products and solutions to the Sky Park project located in Ho Chi Minh City. According to company officials, this marks a significant milestone as HT VINA formally enters the residential market in southern Vietnam.
Chris Byeon, General Director of HT VINA, stated: "This agreement carries significance beyond a simple expansion of product supply — it lays an important foundation for applying Hyundai HT's differentiated smart home technology to Vietnamese residential projects and scaling our local business model. Going forward, HT VINA will continue to strengthen collaboration with local Vietnamese partners to accelerate our push into the Southeast Asian smart home market."
Building on this agreement, HT VINA plans to expand its distribution network in southern Vietnam, including Ho Chi Minh City, and increase opportunities for large-scale project-based business growth. The company will also enhance its capacity to deliver smart home solutions tailored to local market demand and development conditions, with the goal of continuously strengthening its competitiveness across Southeast Asia using Vietnam as a strategic hub.