Korean industrial park to be built in Quang Nam

May 19, 2016 | 17:00

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Korean Dae Young E&C Co., Ltd. has expressed its interest in developing Dai Tan Industrial Park (IP) in Dai Loc district of the central province of Quang Nam.

The information was published by the Investment Promotion and Business Support Board of Quang Nam.

In the framework of a working session with leaders of the Quang Nam People’s Committee, the company presented plans to implement the project. Accordingly, it proposed to spend $25 million developing the first phase on an area of 200 hectares, constructing factories and other infrastructure aiming to attract investors operating in the mechanical engineering, electronic and electricity, garment and textile, home appliance manufacturing, agricultural product, and pharmaceuticals and cosmetics sectors, as well as supporting industries.

According to Le Tri Thanh, Vice Chairman of the Quang Nam People’s Committee, once the project comes into operation, it will contribute to the province’s socio-economic development.

Thanh added that the province would support the company to complete the procedures for the investment certificate as well as provide administrative consultation and backup to make sure the project can be implemented on schedule.

Thanh requested Dae Young E&C to concentrate on environmental protection, building adequate accommodations as well as vocational training facilities for workers.

The company committed to submitting the dossiers for the investment certificate soon and completing the project’s construction by the end of 2016. The IP is expected to welcome investors in early 2017.