07:45 (GMT +7) - Wednesday 17/07/2019

Business

Doosan helps six South Korean companies open in Vietnam

Released at: 17:17, 30/07/2018

Doosan helps six South Korean companies open in Vietnam

Photo: Doosan Vina

Six receive investment certificates from Dung Quat Economic Zone Authority in central Quang Ngai province.

by Doanh Doanh

Six investment certificates were issued by the Dung Quat Economic Zone Authority and presented to company representatives at a ceremony at Doosan heavy Industries Vietnam’s high-tech industrial complex in the central province of Quang Ngai on July 25.

The six new South Korean firms that will invest in Quang Ngai are Kwang Jin Vietnam, Samshin Valve Vina Co. Ltd, Wookwang Vietnam Co. Ltd, YoobongVina Co. Ltd, Hanbit P&L Vina Co. Ltd, and Nasan Electric Industries Co. Ltd.

The six will invest over $11 million and build six factories on 65,022 sq m of land.

Construction is expected to begin in August and once operational the companies will provide packaging and logistics services and be engaged in the manufacturing of electrical components, industrial valves, hangers, braces, struts, pipe supports, and the tubes and fining needed for HRSG projects. They project there will be several hundred new jobs created over the next couple of years.

“Since commencing operations in 2009, Doosan Vina has worked closely with the leadership of the Dung Quat Economic Zone and Quang Ngai province to help attract additional investment in the province, and the investment by these six South Korean enterprises is especially meaningful because we’ve been able to bring everyone together on this project, which will be another positive factor in Quang Ngai’s continuing growth and development,” said Mr. Park Hong Ook, CEO and General Director of Doosan Vina.

This effort by Doosan to further help economic development in Vietnam began in 2017 and the company will continue to offer advice and support to the six new businesses to assist them in their initial stages of operations.

At the ceremony, Mr. Nguyen Han Phong, Deputy Director of the Dung Quat Economic Zones Authority, thanked Doosan Vina for its efforts in securing these investors as well as Doosan’s efforts to improve the quality of life for people in Quang Ngai through steady employment, the development of Vietnam’s mechanical sector, and its extensive CSR programs.

Doosan Vina is a high-tech industrial complex employing 2,000 Vietnamese workers. It supplies the mega infrastructure products that make modern life a reality, including boilers for thermal power plants, desalination plants the size of a football pitch that turn sea water into fresh, material handling systems like cranes that are the heart of logistics at ports around the world, and structural steel for buildings and infrastructure developments. To date the company has exported products valued at $2.4 billion.

User comment (0)

Send comment

Latest

Viettel successfully tests eSim service
Viettel successfully tests eSim service