Vietnam, Invested $11M by 6 Korean Manufacturers

Hanoi, August 7 (Engineering Daily) -- Six Korean companies promised to invest $11 million into their factories in Quang Ngai and they are presented with investment certificates by Dung Quat Economic Zone (EZ) Management Authority. The ceremony was held at DooSan Heavy Industries Vietnam's high-tech industrial complex in the central province of Quang Ngai on July 25, 2018.

The six companies are as follows: KwangJin Vietnam, 2011 Samshin Limited Co., Wookwang Vietnam Co., Ltd., Yoobong Vina Co., Ltd., Hanbit P&L Vina Co., Ltd., and Nasan Electric Industries Co., Ltd.

The factories will be constructed to be 65,022sq.m  scale in Dung Quat EX in Binh Son District's Binh Thuan commune and the construction will begin this month.

They are expected to offer logistics services as well as manufacture electrical components.

DooSan Vina has played a crucial role in involvement of the six companies. Park Hong Ook, Doosan Vina's CEO and general director, said: “Since commencing operations in 2009, Doosan Vina has closely bonded with the associates of Dung Quat EZ and Quang Ngai province to attract investment to the province. Actual cooperation with the six firms is meaningful in that they would encourage development of Quang Nagi."

Doosan Vina is an industrial complex in Dung Quat EZ of Central Vietnam’s Quang Ngai province, employing 2,000 Vietnamese workers. The company supplies the mega infrastructure products and to date the company has exported products valued at $2.4 billion.