Six South Korean firms invest in Quang Ngai
Six South Korean firms invest in Quang Ngai
Six enterprises from the Republic of Korea on Wednesday officially held a groundbreaking ceremony at the Dung Quat Economic Zone and received investment certificates from the central province of Quang Ngai.
The six firms include Samshin Valve Vina Co., Ltd.; Yoobong Vina Co., Ltd.; Wookwang Vietnam Co., Ltd.; Hanbit P&L Vina Co., Ltd.; Nasan Vietnam Electric Industries Co., Ltd. and Kwang Jin Vietnam, with total investment of more than US$11 million.
These six companies will be established on a total area of 65,022sq.m and will soon become a new industrial complex that could attract hundreds of local workers.
Once operational, they will provide packing and logistics services as well as manufacture electrical components, industrial valves, hangers, braces, struts, pipe supports, and tubes and fining needed for HRSG projects.
Speaking at the groundbreaking ceremony, Nguyen Minh Tai, head of the management board of Dung Quat economic zone and Quang Ngai Province’s industrial parks, said the scale of these projects was still small but important in establishing the value chain, supporting large scale industrial projects in Dung Quat Industrial Park and the surrounding area, improving the quality of products to meet international standards as well as deepening participation in the global supply chain.
Tai also asked investors to focus on urgently deploying construction and putting the projects into operation on time in accordance with their commitments, while ensuring environmental protection during construction and operations. The management board will support and create conditions for projects to quickly be deployed, he added.
Currently, the Dung Quat Economic Zone and Quang Ngai Province’s industrial parks have 279 projects in force, of which 181 are involved in industrial production.
