Hyundai Motor Co. said Wednesday it has partnered with the International Union for Conservation of Nature for a forest restoration project in Vietnam.

The company's Vietnamese joint venture HTV and the IUCN, along with Seoul-based development non-governmental organization Good Neighbors International, signed a memorandum of understanding Tuesday for the mangrove tree forest project in Ca Mau province in Vietnam's Mekong Delta region.

Through the partnership, Hyundai will plant mangrove trees to restore damaged forests in the region over the next three years. The company aims to plant some 120,000 trees in the first year of the project.

Hyundai has carried out various tree planting projects through partnerships under the company's Ioniq Forest social outreach program. (Yonhap)