RoK's Leading Retail Group Invests in Viet Nam

My Phuoc III Industrial Park

The GS Retail Co.Ltd. from the Republic of Korea has recently decided to invest US$30 million in a trade complex located in the My Phuoc III Industrial Park in the southern province of Binh Duong.

The RoK's leading retail group signed a contract on Dec. 13 to lease seven hectares of land in the park with the Binh Duong Industrial Investment and Development Company (Becamex IDC). The trade complex will be built in two phases.

The complex will include hotels, restaurants, offices for lease, retail supermarkets, entertainment parks and a sports area.

Becamex IDC CEO Nguyen Van Hung said his company will work with provincial authorities to create the best possible conditions for foreign investors to operate profitably there as they have previously committed.

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