Work starts on five RoK-invested projects in Binh Phuoc

Created 17 March 2018
  • PDF
Editor Choice
(0 votes, average 0 out of 5)

A groundbreaking ceremony for five projects invested by businesses from the Republic of Korea was held on March 16 at Becamex – Binh Phuoc industrial and urban complex in Chon Thanh district, the southern province of Binh Phuoc.

At the event, the provincial People’s Committee handed over investment licenses to the RoK companies - Hankuk Carbon, River Runs, Misung Industrial, Young Sung, Hankuk Advanced Materials. These firms rent 111ha in the complex and have registered to invest a total of US$80 million in the projects which will produce carbon and glass fiber, and fishing tools. 

work starts on five rok-invested projects in binh phuoc hinh 0

Hankuk Carbon CEO Moon-Soo Cho vowed to ensure construction progress of the project on schedule and in line with the country’s law.

Vice Chairman of the provincial People’s Committee Huynh Anh Minh welcomed the Korean investors’ selection of Binh Phuoc to build plants producing high-tech materials such as carbon fiber. 

He committed to creating favourable conditions for the investors and requested them complete the projects on schedule. 

The Becamex – Binh Phuoc industrial and urban complex sits on a site of 4,633ha, nearly 2,448ha of which is used for industrial areas and the remaining for residential areas. 

Spanning Chon Thanh town and Nha Bich, Thanh Tam and Minh Thanh communes, the complex is invested by the Investment and Industrial Development Corporation (Becamex IDC) at a total cost of VND21 trillion (US$933 million), expecting to attract upwards US$5 billion.

The RoK was the second largest foreign investor in Vietnam last year, just behind Japan, with total registered capital of US$8.49 billion.

In terms of accumulative investment, the country ranked first among 125 countries and territories investing in Vietnam, with total investment capital of US$57.7 billion by the end of December 2017.
Source: Vov
Maybe You Also Interesting :

» Vietnamese film competes at Berlin int’l film festival

A Vietnamese film “Mot khu dat tot” (Blessed Land) is among the nominations in the short film category at the 69th Berlin International Film Festival,...

» Vietnam Trail Marathon takes place in Son La

The Vietnam Trail Marathon 2019 took place in Moc Chau district, the northwestern mountainous province of Son La on January 19.

» Ex-PetroVietnam Chairman Dinh La Thang faces more charge

Police on January 20 launched criminal proceedings against Dinh La Thang, former Chairman of PetroVietnam, for his suspected violations regarding the...

Popular News Categories:

- Asia & Asean  |  EU & Russia  |  America

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet