Funded by the Government of the Republic of Korea (RoK), the new zone will form part of Can Tho’s Tra Noc 2 Industrial Park.
Deputy Prime Minister Vu Van Ninh told launch ceremony attendees the project is the result of a bilateral cooperation programme on nuclear power, energy, and industry between Vietnam and the RoK.
It will fuel technology development and encourage business investment in local agriculture and fisheries, he said.
The Deputy PM asked Vietnamese and RoK investors and contractors to coordinate closely to ensure the project will take shape in 2014 as planned.
The zone is scheduled to run trials one year later as personnel training and technology transfer processes continue.
Korean experts will help Can Tho install necessary equipment and train local engineers. A number of Vietnamese officers will visit the RoK for additional professional development.
