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Thứ 5, Ngày 24/11/2016, 19:00
Binh Duong People’s Committee and Kolon Industry Inc. sign the Memorandum of Understanding
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24/11/2016 | Đoàn Thịnh

​BEGIC - On November 23, the MoU signing ceremony between Binh Duong PPC and Kolon Industry Inc. (South Korea) and the announcement of land lease contract between Becamex IDC Corp. and Kolon Industry Inc. took place in Binh Duong.

Mr. Tran Van Nam, Member of Central Committee of the Communist Party of Vietnam, Secretary of Provincial Party Committee, Head of Binh Duong delegation to the National Assembly; Mr. Tran Thanh Liem, Vice Secretary of Provincial Party Committee, Chairman of the Provincial People’s Committee; Mrs. Nguyen Thi Kim Oanh, Vice Chairwoman of the Provincial People’s Council; Mr. Nguyen Van Hung, Member of the Standing Board of Provincial Party Committee, Chairman of the Board of Members of Becamex IDC Corporation and leaders of provincial departments and agencies, leaders of Bau Bang District and Dau Tieng District attended the ceremony.

On Kolon Industry side, Mr. Lee Woong Yeul, Chairman of Kolon Industries Inc. group; Ms. Soh Chang Hee, Director General of Kolon Industries Inc. group, Mr. Park Dong Moon, President and CEO of Kolon Industries Inc.



​Mr. Tran Van Nam (back row, 4th from the right), Member of Central Committee of the Communist Party of Vietnam, Secretary of Provincial Party Committee and leaders of People’s Council, Becamex IDC, leaders of Kolon Industries Inc. witnessing the signing process

According to the MoU, Binh Duong Province PPC shall instruct Becamex IDC Corporation, Binh Duong Industrial Zones Authorities, Department of Planning and Investment and the relevant departments and agencies to facilitate the service of administrative procedures and licensing of the project by KOLON group in investing in Binh Duong province, as well as during operation of the project of manufacturing automobile tire cord, automobile air bags and other products in Bau Bang Expanded Industrial Park, Binh Duong province. Total investment capital of two-phases (until 2026) is over US$ 600 million.

Mr. Tran Van Nam (right), Member of Central Committee of the Communist Party of Vietnam, Secretary of Provincial Party Committee and Mr. Tran Thanh Liem (left) Vice Secretary of Provincial Party Committee, Chairman of the Provincial People’s Committee presenting flowers to representatives of Becamex IDC and Kolon Industrial Inc

Speaking at the ceremony, Chairman of the PPC Tran Thanh Liem expressed his hope for effective operation of the project so that it would provide domestic and international market with high-quality products. He affirmed the province would continue boosting administration procedure reform, making it transparent and simple and best facilitating the investors.


Becamex IDC and Kolon Industries announcing land lease contract 

At the ceremony, Becamex IDC and Kolon Industries announced the land lease contract at Bau Bang Expanded Industrial Park with total area of approximately 42 hectares to construct the factory with the capacity of 6000 tons per month. Mr. Nguyen Van Hung, affirmed Becamex IDC will always be with Kolon Industries and facilitate the project.


Mr. Tran Van Nam (right), Member of Central Committee of the Communist Party of Vietnam, Secretary of Provincial Party Committee presenting souvenir for Chairman of Kolon Industries Inc



 Mr. Tran Thanh Liem, Vice Secretary of Provincial Party Committee, Chairman of the Provincial People’s Committee presenting souvenir for Director General of Kolon Inc

Established since 1957, Kolon Industries Inc. is a big company from Korea, producing textile products, chemicals, automobile products…

In order to expand the market, meeting the development requirements in the future, Kolon Industries Inc. chose to deploy its project in Bau Bang Industrial Park with estimated investment capital of approximately US$ 1 billion.

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