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On July 1, 2024, in celebration of the Vietnamese Prime Minister's visit to Korea, in the presence of Vietnamese Prime Minister Pham Minh Chinh, the Korean Minister of Trade, Industry and Energy Ahn Deok-geun, and related business figures from both countries, Dowon Co., Ltd. and Phu Thai Holdings Group of Vietnam announced a joint venture in the environmental industry field. The joint venture involves PTC Holdings Group JSC, a member of Phu Thai Holdings Group, and Dowon Co,.Ltd.