At the meeting, Mr. Lim Hyun Seong, CEO and Chief Representative of the Korea Land & Housing Corporation’s Hanoi Office, expressed his company’s interest in investing in Binh Dinh Province during their second visit. The company is keen on collaborating in the province across various sectors, including the development of new urban areas and industrial parks, with a proposed land scale of approximately 500 hectares.
According to Mr. Seong, Vietnam, and specifically Binh Dinh, is experiencing rapid growth, and the company wishes to contribute to this progress by developing urban areas integrated with tourism. The projects are envisioned to be long-term and sustainable, meeting the rising demands and quality of life expectations of the local population. The People’s Committee of Binh Dinh Province, led by Chairman Pham Anh Tuan, warmly welcomed the potential partnership with prominent South Korean corporations and businesses.
Given the company’s aspirations, Chairman Tuan proposed two potential investment locations for the Korean Land & Housing Corporation to consider: a logistics urban subdivision in Diêu Trì town, Tuy Phước district, strategically located near the upcoming North-South high-speed railway; and a logistics urban area in the vicinity of Phù Cát Airport. The province is also set to commence construction on a second runway at Phù Cát Airport in August 2025, with an expected completion date within 2026, including the inauguration of international routes. In addition to the runway, the province is actively developing a passenger terminal and aircraft parking facilities, presenting potential investment opportunities for the corporation.
Chairman Tuan also suggested that the Korean Land & Housing Corporation consider investing in an industrial park spanning approximately 200 hectares. This initiative would attract secondary investors from South Korea to establish their manufacturing and business operations or invest in existing industrial parks within the province.
Chairman of the People’s Committee of Binh Dinh Province, Mr. Pham Anh Tuan (right), presents a commemorative gift to Mr. Lim Hyun Seong, CEO and Chief Representative of the Korea Land & Housing Corporation’s Hanoi Office.
The corporation will conduct thorough surveys and research before making an investment decision. Once a project location is determined, the corporation wishes to actively engage with the province from the initial stages of idea development and planning to the final approval by the competent authorities.
The Korea Land & Housing Corporation, a state-owned enterprise under the Ministry of Land, Infrastructure, and Transport of South Korea, was established in 2010 with a chartered capital of 29 billion USD. The corporation’s primary mandate is to execute projects aligned with the South Korean government’s policies on land improvement, the development of innovative new towns, economic free zones, industrial complexes, and logistics centers. These initiatives aim to generate employment opportunities and enhance the country’s competitiveness.
In late 2023, the People’s Committee of Binh Dinh Province and the Korea Land & Housing Corporation signed a Memorandum of Understanding on the Urban Growth Partnership Program, marking the beginning of a promising collaboration.
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