The six Investment Certificates were issued by the Dung Quat Economic Zones Authority and presented to the company representatives at a ceremony at Doosan heavy Industries Vietnam’s high tech industrial complex in Vietnam’s Central Province of Quang Ngai on 25 July 2018.
The six new Korean firms that will invest and open in Quang Ngai include: Kwang Jin Vietnam; Samshin Valve Vina Co. Ltd; Wookwang Vietnam Co. Ltd; Yoobong Vina Co. Ltd; Hanbit P&L Vina Co. Ltd and Nasan Electric Industries Co. Ltd.
The six companies will invest over $11 million and construct six factories on 65,022 m2 of land in the Binh Thuan Commune, Binh Son District of the Dung Quat Economic Zone in Quang Ngai Province.
Construction is expected to begin in August of 2018 and once operational the companies will provide: Packing and Logistics services as-well-as 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 that there will be several hundred new jobs created in the Dung Quat Economic Zone over the next couple years as result of their expansion.
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 operation.
Park Hong Ook, CEO & General Director of Doosan Vina said “Since commencing operation 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, facilitating the investment with these six 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."
At the ceremony, Nguyen Han Phong, Deputy Director of 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 the people of Quang Ngai through steady employment, development of Vietnam’s mechanical sector and its extensive CSR programs.
Source Doosan