The Ace Vina Group from the Republic of Korea (RoK) on September 25 broke the ground on an infrastructure project to expand the Phu Bai industrial zone in the central province of Thua Thien-Hue.

Upon completion, the current Phu Bai zone will have an additional 87 hectares for use, raising its total area to 800 hectares.

According to Dae Jong Kim, a representative from Ace Vina, the group will try its best to complete the construction work on time which will help the zone to attract more foreign investment.

So far, the Phu Bai industrial zone houses 33 investment projects with a combined capital of 31 trillion VND (roughly 1.73 billion USD), of which 18 factories have already started operating.

Every year, exports worth around 10 million USD of construction materials, furniture, textile and pottery products and minerals make a significant contribution to the state budget and have accelerated growth in the province.

Investors in Phu Bai are entitled to a variety of incentives such as low land fees, a flexible mechanism for rental payments and registration support for ISO certificate or property rights./.