Enterprises from the Republic of Korea (RoK) are seeking locations in Vietnam to establish clusters of businesses operating in the same sector or related areas, General Manager of VNNH Co., Ltd Noh Kyeong Yong has said.

Noh Kyeong Yong, who headed a RoK business delegation to visit the northern province of Ha Nam , made the statement in a meeting with provincial leaders on December 11.

The cluster establishment aims to create a favourable environment for RoK enterprises to cooperate with each other, promote their strengths and increase their competitiveness, he underscored, adding that a cluster of around 100 enterprises needs about 150-300 hectares of land.

Mai Tien Dung, Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, affirmed that Ha Nam always welcomes foreign investors, including those from the RoK and has applied a number of policies to attract them.

The province supports the RoK’s cluster investment, he said, adding that it has cleared a site of 100ha in the Dong Van III Industrial Park in Duy Tien district for a RoK cluster and can expand the area by 300-400ha.
As many as 55 RoK enterprises are successfully operating in the locality.-VNA