Quang Nam eyes new industrial zone

Wednesday, Dec 30, 2015 16:41

A photo taken the zone's breaking ground ceremony on Tuesday. — Photo Tan Thanh

QUANG NAM (Biz Hub) — Construction of a South Korea-invested industrial zone (IZ) was kicked off yesterday in the central Quang Nam Province's Nui Thanh District.

Spanning in 200ha in Tam Anh Bac Commune, the VND525 billion (US$23 million) IZ is slated for completion in the fourth quarter of 2017. It will serve several industries such as machinery, engineering and automobile manufacturing and assembly.

In his speech at the ground-breaking ceremony, Lee Chung Keun, Chairman and General Director of C&N VINA Co - the project's investor - spoke highly of the facilitation of local authorities and relevant agencies in investment licensing and land clearance.

He vowed that his company would speed up construction so that the project could become operational as scheduled while calling on more Korean enterprises to invest in the zone.

Vice chairman of the provincial People's Committee Huynh Khanh Toan said in the past few years, the provincial leaders have paid due attention to investing in industrial infrastructure as part of the efforts to fine-tune the local investment climate. — VNS

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