Dong Ha: a new destination to lure South Korean investors

06/11/2017, 16:16

BTO – Despite a long distance of 102 km from the hub of Phan Thiet city, Dong Ha commune (Duc Linh district) is now emerging as a new destination to lure South Korean investors. In October 2017, the People’s committee of Binh Thuan province had worked with leaders of NTD industrial park from South Korea on the progress rate, and ability to lure investments in the industry park.

According to the provincial People’s committee, the local authorities would always facilitate foreign investors, especially South Korean investors, who intend to invest in Dong Ha commune, Duc Linh district. The investments are essential for the local socioeconomic development, job replacement, revenue increases and effective use of land. 

However the district’s infrastructure can’t afford the condition to grow such a 300-hectare-industrial park like NTD. Therefore, the provincial People’s Committee agreed with the alternative planning which divide the industrial park into two clusters with only 70 hectares each. The main investor would be NTD industrial park limited company, in charge of constructing the lower layers and calling for secondary investors as stipulation.

The functional departments, including the Department of Industry and Trade, the Department of Investment and Planning, the Department of Construct will pave the way for all procedures. Reportedly, there are a number of single projects applying for investment registration in the IP. They are Youngjin Mesh limited company, Daeyoung Electrics limited company, Safe manufacturer invested by Jang Jaehoon investor, and so forth. Those secondary investors will be also facilitated by the local authorities.

My Thien (Source: Binh Thuan Online)


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Dong Ha: a new destination to lure South Korean investors