The Republic of Korea’s firm C&N VINA Tam Anh will start construction of its first industrial park (IP) in Tam An commune in the central province later this month, officials said.
Director of Chu Lai Open Economic Zone Authority (EZA) Do Xuan Dien confirmed to Vietnam News that the IP has been designed to encourage investment flows from the Republic of Korea (RoK).
He said the RoK firm will begin the first stage of construction on 200ha, with a total investment of US$25 million for infrastructure development, and this phase will be completed in 2017.
"We will create favourable conditions for investors to boost the infrastructure development process of the IP, which will host investors from 2017," Dien said.
He said the EZA had started granting investment licenses to investors in April.
The RoK firm developed the 192ha Minh Hung– RoK IP in southern Binh Phuoc province and the first stage of the Phong Dien IP on 126ha of land in Thua Thien-Hue province.
The company has been seeking further investment in infrastructure in IPs in the Dong Nai and Long provinces.
The 32,400ha Chu Lai Open EZA has 109 investment projects, of which 29 are FDI projects, with a combined registered capital of more than US$1.52 billion. Sixty-six projects, worth more than US$837 million, are in operation, creating 12,000 jobs for the local people.
The zone has drawn US$252.47 million in FDI projects.
Chu Lai EZA, one of five coastal economic zones in the country, in cooperation with the Korean Textile Association, has attracted investments from the textile and tourism industries in RoK.
The zone also plans to open sea routes from Ky Ha to Busan, Hong Kong and Singapore in 2016-17 and to upgrade Chu Lai Airport to allow more international flights.
He said the RoK firm will begin the first stage of construction on 200ha, with a total investment of US$25 million for infrastructure development, and this phase will be completed in 2017.
The Chu Lai Open Economic Zone
|
He said the EZA had started granting investment licenses to investors in April.
The RoK firm developed the 192ha Minh Hung– RoK IP in southern Binh Phuoc province and the first stage of the Phong Dien IP on 126ha of land in Thua Thien-Hue province.
The company has been seeking further investment in infrastructure in IPs in the Dong Nai and Long provinces.
The 32,400ha Chu Lai Open EZA has 109 investment projects, of which 29 are FDI projects, with a combined registered capital of more than US$1.52 billion. Sixty-six projects, worth more than US$837 million, are in operation, creating 12,000 jobs for the local people.
The zone has drawn US$252.47 million in FDI projects.
Chu Lai EZA, one of five coastal economic zones in the country, in cooperation with the Korean Textile Association, has attracted investments from the textile and tourism industries in RoK.
The zone also plans to open sea routes from Ky Ha to Busan, Hong Kong and Singapore in 2016-17 and to upgrade Chu Lai Airport to allow more international flights.
Other News
- Vietnam, China intensify cooperation on green growth, digital economy
- Hanoi's green industrial parks attract investment
- Vietnamese, Singaporean firms ink agreements to bolster economic relations
- Thang Long Industrial Park urged to streamline administrative procedures for manufacturers
- Vietnam leads top choice for global investors: Cushman & Wakefield
- Vietnam-Singapore III Industrial Park to be built in Binh Duong this month
- Vietnam Prime Minister approves three industrial parks
- Recruitment demand of foreign manufacturers surges in 2021
- New industrial project expected to lure high-tech investment in Thai Binh
- Vietnam draws US$6 billion in FDI to industrial and economic zones in H1
Trending
-
Vietnam opposes China’s military activities on Tri Ton Island
-
Vietnam news in brief - November 2
-
Hanoi Creative Design Festival 2024: Cultural feast awaits visitors
-
Adorable baby hippo is wows Hanoi visitors
-
Localizing idols: Vietnam’s shift from Hallyu to homegrown stars
-
Hanoi plans major upgrade for iHaNoi by 2026
-
Berlin Film Festival award-winning motion picture premieres in Vietnam
-
Love triangle drama opens Hanoi Open Stage Festival
-
National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off