The Ministry of Land, Infrastructure and Transport (MOLIT, Minister PARK SANG-woo) dispatched a delegation to Vietnam from 23 to 25
November to attend a ceremony marking the successful completion of the "Clean Industrial Complex" in Hung Yen Province, and to carry
out preliminary agreements between Korea Land & Housing Corporation (LH) and private companies being interested in the project of
"Southeast New City" in Bac Ninh Province.
The Clean Industrial Complex in Hung Yen Province has been developed through a joint venture (VTK: Vietnam Together Korea) between a
Korean consortium (75%)* comprising the LH and the Korea Overseas Infrastructure & Urban Development Corporation (KIND), and others, and Vietnam’s TDH Ecoland (25%), on a scale of 1.431 million square meter (approx. 430 pyeong) with a focus on facilitating the operations
of Korean companies entering into Vietnam.
The Clean Industrial Complex project began in April 2017, following a memorandum of understanding (MOU) between LH and Hung Yen
Province, and has proceeded smoothly under the friendly industrial and economic cooperation between Korea and Vietnam. Currently,
around 20 Korean companies have signed contracts to set up operations in the complex, which is expected to serve as a vital export base for Korean businesses.
Please refer to the attached files or the preview for more details!