The People's Committee of northern Hung Yen Province has issued a decision on the establishment of an industrial park of the Viet Nam-Republic of Korea (RoK) economic cooperation.

The project, covering more than 140ha of land, is carried out by the LH Group of the RoK, the TDH Ecoland company of Viet Nam, and some South Korean investors. It is part of a core economic cooperation project promoted by the RoK Government in the housing, real estate, and industrial sectors via its New Southern Policy.

Invested with over VND1.78 trillion (US$77 million) in total, the project aims to develop clean industrial park infrastructure, helping turn Hung Yen into a modern and “green” industrialised province.

Deputy Chairman of the provincial People’s Committee Dang Ngoc Quynh said Hung Yen always stands side by side with enterprises to deal with any difficulty and obstacle. It will create the best possible conditions for them to accelerate investment so that the first RoK-style clean industrial park in Viet Nam will become operational soon.

The industrial park of Viet Nam-RoK economic cooperation will be a symbol of the two countries’ economic ties, he added. — VNS