RoK firms funnel 12 billion USD into Viglacera’s industrial parks
Industrial parks developed by state-owned Viglacera Corp have attracted 12 billion USD in investment from more than 100 enterprises from the Republic of Korea (RoK).
Tien Hai Industrial Park in Thai Binh province (Photo: VNA)
Hanoi (VNA) – Industrial parks developed by state-owned Viglacera Corp have attracted 12 billion USD in investment from more than 100 enterprises from theRepublic of Korea (RoK).
With sound technical infrastructure and services, the parks have won favouramong reputable businesses such as Samsung, Amkor, Hyosung, Kortek, and AnamElectronics.
Chairman of the Korea Chamber of Business in Vietnam Hong Sun said he will workclosely with Viglacera to promote investment in the latter’s industrial parks.
This year, Viglacera will attract investments specifically to Tien HaiIndustrial Park (Thai Binh province), Phong Dien Industrial Park (Thua Thien –Hue province), and Thuan Thanh 1 Industrial Park (Bac Ninh province), whereinfrastructure has been developed in a uniform and modern fashion.
The Corp has invested in 11 industrial parks in Vietnam and one economic zonein Cuba, which all have lured 16 billion USD in FDI from more than 300domestic and foreign enterprises.
The number of Viglacera industrial parks is expected to increase to 20 by 2025.
The RoK has become an increasinglyimportant partner of Vietnam as its investments meet the Southeast Asiancountry’s development strategy.
Investmentfrom the RoK in Vietnam is expected to accelerate in the near future, includingmany large-scale projects worth up to billions of US dollars as a seriesof memorandums of understanding (MoUs) on cooperation between the twocountries' ministries, sectors, and businesses was signed at the Vietnam - RoKBusiness Forum that took place in June within the framerwork of the state visitto Vietnam by the RoK’s President Yoon Suk Yeo./.
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Vietnamese Prime Minister Pham Minh Chinh and President of the Republic of Korea (RoK) Yoon Suk Yeol have affirmed their commitments to continue close coordination to develop the bilateral comprehensive strategic partnership in a more profound and comprehensive manner, contributing positively to peace, stability, and development in the region and the world.
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According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Tien Hai Industrial Park in Thai Binh province (Photo: VNA) 
