Chairman Pham Anh Tuan receives Viet Nam Managing Director of Korea Land and Housing Corporation (LH)
On the morning of December 4, 2024, at the Provincial People's Committee Headquarters, Chairman Pham Anh Tuan chaired the meeting with Korea Land and Housing Corporation (LH) delegation led by Mr. Lim Hyun Seong, Viet Nam Managing Director. The meeting was also attended by leaders of relevant agencies.
View of the meeting
At the meeting, Mr. Lim Hyun Seong said, LH was established in 2010 and fully financed by the government under the Korean Ministry of Land, Infrastructure and Transport, specializing in investment and business in the fields of real estate and construction of new urban areas, complexes, industrial parks and projects under the government’s investment and development policy. Coming to Binh Dinh this time, LH wanted to look for investment opportunities to develop urban areas, complexes with a scale of at least 500 hectares or to invest in building industrial parks and it realized that the Urban - Tourism - Culture - Sports Area of Phu Hoa Lake (Quy Nhon city) was suitable for LH's investment goals and strategies.
Chairman Pham Anh Tuan appreciated LH's capacity and development investment strategy and said, the province currently has 02 locations that meet the LH's demand. They are the Logistic Urban Subdivision in Dieu Tri town, Tuy Phuoc district, near with North-South high-speed railway station and Logistic Urban Area next to Phu Cat Airport. For the Phu Hoa Lake Urban - Tourism - Culture - Sports Area project, previously there were businesses that implemented it in the BT form, so when investing, LH must calculate compensation for previous investors, so it will take a lot of time. Therefore, LH should survey the two suggested locations to have an appropriate investment direction according to the planning.
In addition, Mr. Pham Anh Tuan added that Binh Dinh province would start construction on the second flight at Phu Cat airport in August 2025, expected to be completed in 2026 and then open international flights. Besides the runway, the province would build a passenger terminal and aircraft apron. Therefore, LH should consider investment cooperation. At the same time, the Chairman also asked LH to research and register to invest in an industrial park in the province, with a scale of about 200 hectares to attract secondary Korean investors to invest in production and business.
Mr. Lim Hyun Seong, Managing Director of LH in Viet Nam, was very pleased with the provincial geographical location, potential and development orientation, especially with important projects provided by the Chairman and it also would continue to research, survey, and carefully evaluate the above locations. Therefore, he hoped that the provincial authorities would help and promptly provide relevant information for reports to propose to LH’s leaders for considering investment in Binh Dinh.
At the end of the meeting, Mr. Pham Anh Tuan affirmed that Binh Dinh province was committed to creating the best conditions for investors to develop projects smoothly and effectively and said that it was a good time for LH to promote and implement investment projects in Binh Dinh.
Chairman Pham Anh Tuan appreciated LH's capacity and development investment strategy and said, the province currently has 02 locations that meet the LH's demand. They are the Logistic Urban Subdivision in Dieu Tri town, Tuy Phuoc district, near with North-South high-speed railway station and Logistic Urban Area next to Phu Cat Airport. For the Phu Hoa Lake Urban - Tourism - Culture - Sports Area project, previously there were businesses that implemented it in the BT form, so when investing, LH must calculate compensation for previous investors, so it will take a lot of time. Therefore, LH should survey the two suggested locations to have an appropriate investment direction according to the planning.
In addition, Mr. Pham Anh Tuan added that Binh Dinh province would start construction on the second flight at Phu Cat airport in August 2025, expected to be completed in 2026 and then open international flights. Besides the runway, the province would build a passenger terminal and aircraft apron. Therefore, LH should consider investment cooperation. At the same time, the Chairman also asked LH to research and register to invest in an industrial park in the province, with a scale of about 200 hectares to attract secondary Korean investors to invest in production and business.
Mr. Lim Hyun Seong, Managing Director of LH in Viet Nam, was very pleased with the provincial geographical location, potential and development orientation, especially with important projects provided by the Chairman and it also would continue to research, survey, and carefully evaluate the above locations. Therefore, he hoped that the provincial authorities would help and promptly provide relevant information for reports to propose to LH’s leaders for considering investment in Binh Dinh.
At the end of the meeting, Mr. Pham Anh Tuan affirmed that Binh Dinh province was committed to creating the best conditions for investors to develop projects smoothly and effectively and said that it was a good time for LH to promote and implement investment projects in Binh Dinh.
Author: Ly Đa
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