Exclusive S Korea complex planned

Tuesday, Feb 25, 2014 08:33

HA NOI (Biz Hub)— The central province of Quang Nam plans to build a Korean-style industrial and urban complex in Chu Lai Industrial Park for South Korean investors only, according to baodautu.vn.

The establishment of a Korean-style industrial and urban complex focusing on industrial manufacturing and processing projects, support industries, and infrastructure and tourism projects from the RoK would help the park fulfill its development target and fit in with the global investment trend, chairman of the Quang Nam provincial People's Committee Le Phuoc Thanh said in his letter to Deputy PM Nguyen Xuan Phuc.

In 2012, the committee first drew up plans for the complex with RoK developer C&N Vina. They intended to develop a 1,600-ha project comprising 700ha for Tam Anh industrial zone, 350ha for a township and 550ha for tourism services.

In April 2013, the developer obtained an investment certificate to develop the 200-ha Tam Anh industrial zone, which is worth US$25 million, within the complex. To date, 10 foreign investors have agreed to set up small-scale projects in Tam Anh Industrial Zone, said Thanh.

The complex, according to Thanh, would help the province improve its investment climate in the fields of industrial manufacturing and processing, especially for South Korean companies.

According to the Management Board of Chu Lai Open Economic Zone, nine projects were certified in 2013, with total registered capital of $239 million, including one FDI project.

To date, the Chu Lai Open Economic Zone has hosted 92 investment projects, with total registered capital of $1.7 billion, of which 64 projects have been put into operation. — VNS

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