Hung Yen Welcomes Largest-ever FDI Project

2:04:28 PM | 22/8/2006

South Korea’s Bridge Interline Company has received approval from the northern province of Hung Yen to carry out a US$150-million project for the first phase, becoming the largest ever FDI project in the province so far, an official from the Department of Planning and Investment said.
The project is designed to build a high-tech farming zone, a golf course and a clean industrial park in a combined area of 600ha in Van Giang and Yen My districts.
Bridge Interline, which engages in urban development, real estate, golf course design, industrial park and high-tech agricultural production, has been in Vietnam for ten years. It has invested into transportation infrastructure in the northern port city of Hai Phong and aquaculture breeding in the central province of Thanh Hoa.
Hung Yen, one of eight localities belonging to the northern key economic zone, has pulled in over $40 million FDI capital for eight projects so far this year, ranking seventh among local cities and provinces nationwide.
To date, it has attracted 72 FDI projects worth US$254.5 million.
Hung Yen has so far planned five industrial parks (IPs), of which two have been put into operation, namely 390ha Pho Noi A IP and 250ha Pho Noi B IP.
Meanwhile, three others including 50-ha Nhu Quynh A IP, 50-ha Nhu Quynh B IP and 200-ha Minh Duc IP are still under construction.