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Subject Kicking off the First Korean Type of Industrial Complex in Vietnam
Upload Date 2022-11-25 Source MOLIT News
Name Annie Hyunsuk KIM Inquiry 131
Attached File 1 The first Korean-style industrial complex starts off in Vietnam.docx Document Preview
Attached File 2 The first Korean-style industrial complex starts off in Vietnam.docx.pdf Document Preview

To support for resolving difficulties of Korean companies for entering Vietnam, such as outstanding receivables and delays in licensing

The Ministry of Land, Infrastructure and Transport (MOLIT, Minister WON Hee-ryong) and Korea Land & Housing Corporation (LH, CEO LEE Han-jun) announced that a groundbreaking ceremony was held for the Clean Industrial Complex in Hung Yen, Vietnam on Fri. 25 November in the presence of Metropolitan Transport Commission Chairman LEE Seong-hae, LH CEO LEE Han-jun, Korean Ambassador to Vietnam OH Young-joo, Nguyen Huu Nghia, Hung Yen Governor Tran Quoc Van, and officials from the Vietnam Ministry of Construction.

The Clean Industrial Complex in Hung Yen is the first ever Korean type of industrial complex for Korean companies entering Vietnam. A joint venture established through mutual investments between Korean consortium* (75%), including LH‧KIND and TDH Ecoland (25%) plans to complete the construction of the complex with 1,431,000㎡ in Hung Yen Province, where is 36 km away to the southeast of Hanoi, by September 2024.

* Korean consortium: LH (35%), KIND (25%), KBI Construction (10%), Shinhan Bank (5%)

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