Korean Firms Research Tra Vinh’s Investment Environment

1:31:37 PM | 8/6/2011

In the first months of 2011, Tra Vinh held a series of meetings between South Korean and local businesses. These meetings have brought positive results. Korean firms are interested in Tra Vinh’s investment-calling projects.  
Mr Tran Hoan Kim, Chairman of the provincial People’s Committee, pledged that Tra Vinh will always support and provide the most favourable conditions to investors.
In early April, Tra Vinh’s Centre for Investment, Trade and Tourism Promotion and South Korea’s Shinhwa Industrial Development Co.,Ltd signed an MoU on investment cooperation. Under the MoU, the two sides will further boost cooperation in developing new construction technologies and exchanging information.
Mr Tong Minh Vien, Vice Chairman of the provincial People’s Committee, said Tra Vinh wants to soon realize all contents of the accord. The province also expects South Korean investors to join hands with local firms in other fields.
Representative of Shinhwa Industrial Development said the company wants to learn about the projects which the province is calling for investment. The Korean firm is also interested in the deepwater port project with capacity of 30,000-50,000 tonnes in Duyen Hai district. The project aims to provide fuels for thermo power plants here. 
The provincial centre for Investment, Trade and Tourism Promotion also worked with RIO VINA, another Korean firm making a survey in Tra Vinh. Mr DS-HUR, Director of RIO VINA, said his company was planning to invest in a garment factory on three hectares in Long Son commune, Cau Ngang district. He wanted to find the land price list as well as the province’s priorities on investment.
Speaking about the potential of Cau Ngang district, Chairman Do Van Khe said the district has 32,000 hectares including 5,000 hectares of sandy land, and a population of 130,000 including 30,000 people from 18 to 45 years old. Most labourers graduated from high school and need jobs. Recently, the people’s committee of Cau Ngang district checked the planning of seven hectares of agricultural land which is ineffective in Long Son commune, to license the construction of the garment plant. The planning location is about 200 meters from Highway 53. The system of power and water here has been completed.     
During the meeting, Pham Van Tam, Director of the Centre for Investment, Trade and Tourism Promotion, provided information relating to the province’s priorities for investors, particularly those operating in the fields of infrastructure, transportation, human resources, science and technology. 
The Korean enterprise delegation also made a survey trip to Long Son commune and met with locals to understand their wishes as well as local customs.
Ngoc Diep