Vietnam's CMC Corporation and South Korea's LOTTE Innovate have signed a Memorandum of Understanding (MOU) to pursue cooperation in green infrastructure, software development and other areas of shared interest.

The signing ceremony, held in Hanoi, marks the start of a strategic partnership aimed at combining the two companies' technological strengths, expanding their service capabilities and creating new opportunities for long-term growth.

CMC's delegation included Mr. Tung Ho Thanh, Vice Chairman of the Board and Executive Vice President of CMC Corporation, and President of CMC Global; Mr. Son Dang Tung, Executive Vice President and CEO of CMC Corporation; Mr. Tu Dang Van, Senior Vice President and CTO of CMC Corporation; Mr. Bao Dang Ngoc, Executive Vice President of CMC Corporation and CEO of CMC Global; Mr. Minh Tran Van, CEO of CMC Korea; and other company representatives.

LOTTE Innovate was represented by Mr. Park Jong Pyo, Vice President and Head of the BX Business Division, and Mr. Cho Chung Hwan, Team Lead of the Global Business Team.

Representatives from LOTTE Innovate Vietnam included Mr. Choi Jong Pil, General Director; Mr. Jeong Ju Yong, Hanoi Branch Director; Ms. Cao Thi Hong Van, Head of the Business Partnership Center; and other company delegates.

The agreement identifies five priority areas for cooperation: data centers, electric vehicle (EV) charging infrastructure, cybersecurity, offshore technology services and cloud computing.

In the data center sector, the two companies plan to explore joint development opportunities, bringing together CMC's infrastructure and operational capabilities in Vietnam with LOTTE Innovate's industry experience and established customer network.

For EV charging infrastructure, the partnership will explore the development of charging networks, covering equipment, technology platforms, supporting infrastructure and operational services. The initiative is expected to contribute to the expansion of sustainable mobility solutions.

In cybersecurity, CMC and LOTTE Innovate will look for opportunities to address growing demand for stronger digital protection, helping businesses safeguard their systems and data while reducing information security risks.

Cooperation in offshore technology services will draw on CMC's pool of skilled technology professionals and international service delivery capabilities, alongside LOTTE Innovate's customer relationships and knowledge of the South Korean market. The two sides aim to provide high-quality technology services to clients in South Korea and other international markets.

Meanwhile, their work in cloud computing will focus on encouraging wider cloud adoption among Vietnamese businesses, supporting efforts to modernize IT infrastructure and advance digital transformation.

Mr. Minh Tran Van, CEO of CMC Korea, described the agreement as an important step in strengthening technology ties between Vietnam and South Korea.

"Our partnership with LOTTE Innovate is more than a step in CMC's global expansion strategy. It reflects the growing role of CMC Korea in connecting Vietnam's technology capabilities with Korea's leading corporations," he said.

"We expect both sides not only to deliver high-quality software development services together, but also to co-create scalable digital solutions across Vietnam, Korea and regional markets, as demand for digital transformation and AI adoption continues to accelerate across the region," he added.

Mr. Choi Jong Pil, General Director of LOTTE Innovate Vietnam Co., Ltd., also expressed confidence in the potential of the partnership.

"Vietnam is a key market in LOTTE Innovate's global strategy. Through this MOU with CMC Corporation, we aim to combine the capabilities of both companies and explore new opportunities in advanced technologies, contributing to accelerating digital transformation and AI adoption for businesses in Vietnam and across the region," he said.

The MOU lays the groundwork for joint initiatives in the coming months as both companies seek to turn their shared priorities into business opportunities.

Through the partnership, CMC and LOTTE Innovate aim to enter new markets, improve operational efficiency and create sustainable growth for their businesses, customers and the wider technology sector.

Founded in 1993, CMC is Vietnam's second-largest technology corporation. The company has established a presence in Vietnam and international markets through three main business areas: Technology & Solutions, Global Business and Telecommunications Services.

LOTTE Innovate is the IT services arm of South Korea's LOTTE Group. Established in 1996 as LOTTE Data Communication and renamed in 2024, the company has spent nearly three decades providing digital transformation services to LOTTE affiliates and external customers.

Building on its expertise in system integration, cloud computing and data center operations, LOTTE Innovate is expanding into artificial intelligence and EV charging infrastructure. It is also strengthening its international presence, including in North America and Southeast Asia, with Vietnam serving as one of its regional markets through LOTTE Innovate Vietnam.