Korean investor eyes $1 bln depot in Vinh Phuc
Korean investor eyes $1 bln depot in Vinh Phuc
The Republic of Korea’s Daehan Group wants to build an inland container depot (ICD) on 100ha in Vinh Phuc province’s Vinh Xuyen district, at a total cost of US$1 billion.
An executive of the RoK group expressed his desire at a working session with leaders of Vinh Phuc on March 11.
The RoK executive said when the logistics ICD is put into operation, it will help spur local economy as the depot plays an important role in the multimodal transportation model.
Chairman of the provincial People’s Committee Phung Quang Hung assured his guest Vinh Phuc will create the best possible conditions for foreign businesses, including those from the RoK, to invest in the locality.
He said the province has completed the ICD planning in Binh Xuyen lying on te Noi Bai-Lao Cai expressway.
If the group invests in this depot, the province will immediately hand over land to them to carry out the project very soon, Hung said.
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