KOVINET (Korea) invests 1,500 billion VND in Hoang Mai 2 Industrial Park

(Baonghean.vn) - KOVINET Group (Korea) committed to investing in infrastructure of Hoang Mai 2 Industrial Park (Nghe An) with an area of ​​343 hectares, with a total investment of 1,500 billion VND.

Comrade Le Ngoc Hoa, on behalf of the Provincial People's Committee, and Mr. Soon Jae Sell - Chairman of KOVINET Group signed a memorandum of understanding on investment in Hoang Mai 2 Industrial Park. Photo: Nguyen Son

In November 2016, KOVINET signed a memorandum of understanding with the People's Committee of Nghe An province on investment in Hoang Mai 2 Industrial Park with about 60 hectares.

However, after surveying the actual situation and studying investment attraction policies, KOVINET proposed to build infrastructure for this industrial park with an area of ​​about 343 hectares, with a total infrastructure investment of over 1,500 billion VND (VND).

Once the administrative procedures are completed, KOVINET will set out a 5-year construction roadmap, starting from January 2018, and attract about 350 small and medium-sized Korean export enterprises in the global export network to this area.

Sketch of planning for Hoang Mai 2 Industrial Park of KOVINET Group. Photo: NS

Along with calling for Korean enterprises to invest, KOVINET commits to cooperate with Vietnamese enterprises to nurture strategic industries in the fields of new renewable energy, LED technology, wind power, electronic components, textiles, information technology, electric two-wheel vehicles, and food production. When filled, the value of this Industrial Park is about 16,000 billion VND.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa was pleased that KOVINET had goodwill and investment efforts and committed to creating the best conditions for the group to quickly promote investment activities. Comrade Le Ngoc Hoa also assigned the task to the Provincial Investment Promotion and Support Center and the Departments and branches to coordinate to help KOVINET quickly complete administrative procedures and soon implement the project into practice.

» Who is KOVINET - the group that will invest 1,500 billion VND in Nghe An?

Mr. Soon Jae Sell - Chairman of KOVINET Group spoke at the meeting. Photo: Nguyen Son

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa also suggested that KOVINET coordinate with Nghe An province to speed up the progress to November 2017 to complete administrative procedures to start construction in December 2017.

Nghe An commits to closely cooperate with Korean enterprises to provide a stable workforce to implement production and business projects in Nghe An; support Korean language training for experts, engineers, and local workers working on projects of Korean investors in Nghe An. Continue to implement administrative reforms, apply preferential policies, support investment, and provide the most favorable conditions for businesses and investors in the locality.

Provincial leaders and departments work with KOVINET Group. Photo: Nguyen Son

Hoang Mai 2 Industrial Park is near National Highway 1A and the trans-Vietnam railway, bordering Southeast Asian countries; near the international port area capable of receiving ships of 50-70 thousand tons and Vinh International Airport is planning to open a direct flight to Korea in 2018. These are positive advantages that attract investors.

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Nguyen Son