Ha Nam welcomes new Korean-funded project

14:26 | 10/03/2016 Economy

The Republic of Korea-based HTC company had a working session with Ha Nam’s authorities on March 2 concerning the construction of its plant in the northern locality.

Ha Nam welcomes new Korean-funded project

Scene at the working session (Photo: VNA)

According to HTC Director General Lee Chang Bok, Ha Nam has a good investment policy for foreign investors, especially those from the Republic of Korea and Japan. It also has a favourable geographical location and productive trade ties with Hanoi and other neighbouring provinces.

Taking into account these conditions, the company decided to invest in building a plant producing high-quality household articles in the Dong Van I industrial park. The facility will cover 20,000 square metres, costing an estimated initial investment of up to 8 million USD.

Vu Dai Thang, Vice Chairman of the provincial People’s Committee, said his agency will make it easier for HTC to finish relevant administrative procedures.

He hopes the plant will soon complete and operate productively, and that more Korean businesses will choose Ha Nam as their investment destination.

Currently, 155 foreign enterprises are investing in the province, 82 of which are from the Republic of Korea./.


Source: VNA

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