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Six new Korean investors get green light in Quảng Ngãi

Update: July, 31/2018 - 09:00
A ship docked at Dung Quất Port in in Quảng Ngãi for loading. The zone and other industrial parks in Quảng Ngãi have drawn 285 investment projects with total capital of US$11 billion. — VNS Photo Công Thành
Viet Nam News

QUẢNG NGÃI — The Dung Quất Economic Zone presented investment certificates to six South Korean companies at a ceremony in Bình Sơn District on Sunday.

Kwang Jin Vietnam; Samshin Valve Vina; Wookwang Việt Nam; Yoobong Vina; Hanbit P&L Vina and Nasan Electric Industries will commence construction of their plants with total investment of more than US$11 million from this August.

The six new manufacturing plants will operate in the fields of packing and logistics, electrical components, industrial valves, hangers, braces, struts, pipe supports and the tubes and equipment needed to recover steam from generator projects in the Dung Quất EZ. 

Deputy Director of Dung Quất EZ, Lê Hàn Phong, said the new projects were part of a manufacturing chain that already included Doosan Heavy Industries Việt Nam (Doosan Vina) in the biggest hi-tech industrial complex in central Việt Nam.

He said the new projects would help create more jobs and contribute to the province’s socio-economic development.

Phong said the province would offer smooth conditions for investors from Korea and other countries to pour funds into the zone.

Doosan has provided consulting on administration, financial management, and business management to help partners to establish subsidiaries or manufacturing facilities.

According to Phong, the 45,000ha EZ, which is one of five key coastal economic zones in Việt Nam, and another 19 industrial parks in the province, had attracted 285 projects and US$11 billion in investment, creating 33,000 jobs. They included 43 foreign direct investment (FDI) projects with total investment of $1.37 billion. — VNS

Representatives of the Dung Quất Economic Zone Authority present investment certificates to six South Korean companies in Quảng Ngãi Province. — VNS Photo Cao Bá Lâm

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