Korean investors seek opportunities in Quang Ngai province

Twenty companies from Ulsan, South Korea yesterday visited Dung Quat Economic Zone in the central province of Quang Ngai to seek investment opportunities.

Korean firms visit Dung Quat Economic Zone on November 17 (Photo: SGGP)

Chairman of the Quang Ngai People’s Committee Tran Ngoc Cang introduced the province’s investment potentials and opportunities to Korean firms.

Quang Ngai province locates at a strategic position in the central key economic zone of Vietnam. The province has the total area of over 5,000 square kilometers and population of 1.3 million people, 14 districts and cities including Ly Son island district.

The province has a synchronous traffic system including National Highway 1A, North-South Railway, Da Nang-Quang Ngai expressway and Highway 24 linking the province up to the central highlands and southern Laos.

Chu Lai Airport locates 45 kilometers north of Quang Ngai in the neighboring province of Quang Nam. Dung Quat deep seaport can receive vessels of up to100,000 tons in Binh Son district.

Dung Quat Economic Zone has been planned over 45,000 hectares to be one of five key coastal economic zones which the Government has given priorities to develop infrastructure. Dung Quat has been among economic zones offering the most incentives in Vietnam for investors so far.

The province is home to some industrial parks including Vietnam-Singapore Industrial Park and 15 industrial zones and trade villages.

Local authorities have issued many preferential policies including land and tax incentives to lure investors; assisted them with labor training, trade and investment promotion and advertising costs and streamlined administrative procedures.

Korean firms also learnt about polices on hi-tech and support industry development and cooperation chances in education and training in the province.

In addition, Korean enterprises who have invested in the province, provided the firms with information about basic salary, insurance, business experiences and local custom.

By Nguyen Dac Thanh – Translated by Hai Mien

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