Representatives from the Korean Aerospace Industries, the Republic of Korea, has arrived in central Da Nang city to study the possibility of setting up a factory producing spare parts for planes, according to local newspaper Dau tu (Investment).

The newspaper cited the management board of the Da Nang high-tech zone as saying that such a factory will produce parts for the European Aeronautical Defence and Space Company N.V, the parent company of Airbus, adding that representatives of EADS also arrived in Da Nang at the same time.

The scale of the factory and investment has not been revealed. However, the newspaper reported that in 2010 the Korean Aerospace Industries had proposed a similar project in the locality.

At that time, the company wanted to set up a joint venture with Vietnam Airlines to carry out the project. But now, it will implement the project on its own and the selected location for the factory will be the Da Nang High-Tech Park , according to the newspaper.

If realised, this will be the second factory to manufacture spare parts for airplanes in the country. The first one was the MHI Aerospace Vietnam Ltd. Company invested by Japan ’s Mitsubishi group. MHI , located in the Thang Long industrial park in Hanoi , was granted a licence in January 2008 with a total registered capital of 7 million USD.

Relating to this relatively new investment area, on May 13 the Prime Minister agreed in principle to a proposal of the central province of Quang Nam on a project on aircraft maintenance in the Chu Lai open economic zone.-VNA