A delegation from the Korea Land and Housing Corporation, which visited central coastal Binh Dinh province to explore investment opportunities, had a meeting with the provincial authorities on December 4.

The Korea Land and Housing Corporation, a state-owned enterprise under the Ministry of Land, Infrastructure, and Transport of South Korea, was established in 2010 with a legal capital of $29 billion.

In 2023, the province and the corporation signed a Memorandum of Understanding on the Urban Growth Partnership Program.

Mr. Lim Hyun Seong, Executive Director and Head of the Korea Land and Housing Corporation Office in Hanoi, stated that the corporation is eager to invest in Binh Dinh in areas such as development of new urban areas and large-scale industrial zones covering approximately 500 ha.

He emphasized that Vietnam in general, and Binh Dinh province, in particular, are rapidly developing. The company aims to collaborate on the development of urban areas combined with tourism, with long-term and sustainable projects that meet the increasing quality of life requirements of people.

According to Mr. Pham Anh Tuan, Chairman of the provincial People's Committee, the construction of a second runway at Binh Dinh's Phu Cat Airport will be started in August 2025, expected to be completed in 2026, and will open an international flight route.

He also suggested that the Korean corporation consider investing in an industrial zone of approximately 200 ha to attract secondary investors from South Korea to invest in production and business or invest in some of the existing industrial zones in the province.