S Korean businesses keen on investing in realty, data centers in central Vietnam province

A delegation of South Korean businesses has shown interest in investing in construction materials production, event organization, hospitality-industrial real estate, and data center development in Binh Dinh province.

At a meeting with provincial authorities on Friday, they expressed their wish to cooperate with Binh Dinh in such fields and willingness to connect the province with Korean localities sharing similarities.

Forming the delegation were Kim Jung Ryool, chairman of Zenith Group - a Korean sanitary ware importer and investment promoter; Nguyen Van Huynh, deputy director of Zenith Vietnam, which is developing large-scale projects in Thai Binh and Long An provinces; Lee Dong Hyun, director of Projectick Plus - a real estate developer; Hong Gil Cho, director of P&G Tech, which provides cybersecurity and server solutions and supports investment in developing data centers.

Addressing the meeting, Nguyen Tuan Thanh, Binh Dinh’s Vice Chairman, said the province was seeking investors with modern and environmentally friendly technologies in the fields of agriculture, forestry and fisheries; industry; port and logistics services; tourism; and urban economy.

The province is also looking for organizers of international sports, trade, tourism and cultural events to develop the marine sports sector.

Acknowledging the South Korean businesses’ advantages aligned with the province’s investment orientations, the official pledged to facilitate their survey.

The province is home to three South Korean investment projects with a combined capital of $76.6 million, operating in garment production, wind and solar energy, and auto spare parts manufacturing.