South Korean group proposes $150 million technopark in Dong Nai

May 12, 2020 | 12:47

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Vietnam-Korea Techno Park has proposed investing $150 million in a technopark in Dong Nai to lure in $2-3 billion of high-tech investment in about six-nine years of operation.

south korean firm proposes 150 million technopark in dong nai

Bien Hoa city in Dong Nai province is an up-and-coming destination for tech investors

Vietnam-Korea Techno Park proposed to the Dong Nai provincial government to build a 300-hectare industrial park. The project will be developed in three stages with $150 million in total investment and is expected to lure $2-3 billion of investment within six-nine years of operation.

This is the first technopark to be built by Vietnamese-Korean co-operation in the country. The park will focus on innovation activities and the commercialisation of high-tech products, including research and development, high-quality human resources training, innovation, manufacturing, and entertainment.

This project will likely attract many high-tech companies from South Korea and developed countries to Dong Nai, bringing with them the winds of Industry 4.0. The developer also asked the provincial government to allocate land for the project not too far from Long Thanh airport and seaports to be able to utilise transport facilities and lure in big corporations.

Apart from Vietnam-Korea Techno Park, Amata City Long Thanh Industrial Park is also under development in Dong Nai by Thailand's Amata Group. This project is in the process of land clearance on an area of 400ha with $280 million in total investment.

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