Six RoK firms invest in Quang Ngai

Six firms from the Republic of Korea (RoK) held a ceremony to receive licences from the authorities and start the construction of their plants in the Dung Quat economic zone in the central province of Quang Ngai.

They are Samshin Valve VINA, Yoobong VINA, Wookwang Vietnam, Hanbit P&LVINA, Nasan Vietnam, and Kwang Jin Vietnam. Together, they make an investment of more than US$11 million in six factories covering an area of over 65 square meters near Doosan Heavy Industries Vietnam Co., Ltd (Doosan Vina).

The plants will soon become a new industrial cluster, creating hundreds of jobs for locals.

Mr. Nguyen Minh Tai, head of the management board of the Dung Quat economic zone, said they serve the RoK companies’ operation in the support industry and industrial services.

The factories are set to manufacture various support industry products, such as cooler devices, industrial steel valves, and steel shelves, as well as to offer packaging and logistics services, among others.

Mr. Nguyen Minh Tai said despite their small scale, the projects play an important role in the formation of a value chain supporting other large-scale facilities in Dung Quat.

Mr. Nguyen Minh Tai pledged that the management board will create best conditions possible for the implementation of these projects.

Currently, the Dung Quat economic zone and other industrial parks in Quang Ngai are home to 279 valid projects, of which 181 focus on industrial production.

Source: ven.vn