Korean investors invest large capital in Nghe An

(Baonghean.vn) - Up to this point, Korea is the largest investor in Nghe An, showing the most effective results with many projects, especially creating many jobs for workers.

Electronic production at BSE Company, Southeast Economic Zone. (photo by Chau Lan)

Up to now, in Nghe An province, there are 12 valid Korean investment projects with registered capital of 60.97 million USD, employing over 10,000 local workers.

Some projects include: Hitech BSE Vietnam Electronics and Telecommunications Components and Equipment Factory established by BSE Vietnam Electronics Co., Ltd. in Nam Cam Industrial Park, Nghe An Province, with a total investment of 30 million USD and a scale of 250 million products/year; Project to produce mobile phone speakers and other electronic components, EM TECH Vietnam Co., Ltd. Branch in Hung Loi, Vinh City, Nghe An Province, with a scale of 96 million products/year and an investment capital of 3 million USD.

The Banana Planting and Export Project of Globe Farm Vietnam Co., Ltd. has a scale of 200 hectares implemented in Vien Thanh commune, Yen Thanh district; Vietnam - Korea Marketing and Investment Consulting Center, implemented by individual investors (Mr. Nguyen Quang Huy and Mr. Choi II Jung), headquartered on the 2nd floor, Phuong Dong Hotel, Vinh City. In addition, there is the Cua Lo Sea Entertainment Service and Amusement Park project implemented by the Sea Entertainment Service Joint Venture Company in Cua Lo, with a scale of 150,000 visitors/year; total investment of 0.25 million USD (currently in effect) and 5 projects in the field of textile and garment export/ 24.17 million USD.

Regarding ODA capital, Korea has one project that has been put into effective operation, which is the Vietnam - Korea Technical Vocational College, invested by the Korean Government with a total investment of 7.3 million USD. After 15 years of implementation, the Vietnam - Korea Technical Vocational College has, on average, annually provided the labor market with 800 - 1,000 students/year with intermediate and college vocational qualifications.

Preparing goods for export to Korea by Strongplus Elevator Company, Nghi Phu Industrial Park (Vinh City). Photo: Chau Lan

In 2013, the Korean Government also funded 62 thousand USD in ODA capital for the Hai Binh Community Cultural House Project, Nghi Hai Ward, Cua Lo Town through Seoul International Friendship Organizations (SIFO) and Korea Association of University Women (KAUW) - Korea.

Based on the effectiveness of investment projects, and at the same time recognizing the potential to attract Korean investment in Nghe An.

In the coming time, Nghe An considers attracting Korean investors as a priority direction in attracting investment. By promoting administrative procedures, site clearance, speeding up project progress, creating the most favorable conditions for Korean investors when coming to the locality.

Van Truong