Chairman
of the Korea’s Horse Racing Corporation Mr Choi Hank Soo have just had a
meeting with the People’s Committee of Bac Ninh province (Vietnam) to explore
opportunities for cooperation in this locality by setting up a business.
At
the meeting, Mr Choi Hank Soo said that the purpose of this trip to Bac Ninh is
to explore investment opportunities to build the racecourse and entertainment
complex in Thuan Thanh district (Bac Ninh), with investment capital in the
first phase reaches 500 million USD.
When
the project goes into operation, it will form the kind of attractive sport and
entertainment services for the community, creating jobs for 5,000 – 10,000
labors, making great contribution to the budget and contributing to the
economic and social development of Bac Ninh province.
According
to Chairman of Bac Ninh province, this highly feasible project has large-scale
investment, under conditional business lines that require the approval of
Vietnam Prime Minister. Provincial Leaders recommended the Korea Corporation to
coordinate closely with the concerned departments to complete the procedures
according to Vietnam law, submitting to the ministries and Prime Minister for
approval.
Chairman
of Bac Ninh province also committed that within 10 working days from the time receiving
the approval of Prime Minister, this province will complete the legal
formalities for the project to be implemented soon and put into operation in an
effective way.
Reportedly,
a project to build 27-hole golf course is being implemented in Thuan Thanh
district (Bac Ninh).
