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Chairman Nguyen Van Tri worked with Korea International Tobacco Company

Wednesday, 14/12/2016

On 12/12/2016, Chairman Nguyen Van Tri had a meeting with Mr. Alex Lee, General Director of Korea International Tobacco company surveying investment opportunities in the province.

Mr. Nguyen Van Tri, Deputy Secretary, Chairman of Vinh Phuc received Mr. Alex Lee, General Director of Korea International Tobacco Company


Korea International Tobacco Company was established in 2009. After nearly 10 years, the company is now one of the leading tobacco manufacturers in Korea with modern management system and advanced technology. Working with provincial leaders, Mr. Alex Lee, General Director of the Company desired to have more specific information on mechanisms and preferential investment policies, so that the company will have an investment plan to build a tobacco factory in our province.

At the meeting, Chairman Nguyen Van Tri introduced the geographical location and socio - economic development of the province in recent years. He stressed that Vinh Phuc has favorable geographical position, open mechanism, policies, and an investing environment that has been increasingly improved; in 2015, the province's PCI ranked the 4th position out of 63 provinces and cities nationwide. Vinh Phuc is also an attractive destination for foreign and domestic investors. With an investment project of building a tobacco factory of Korea International Tobacco Company, Vinh Phuc province hoped this project would be soon implemented.

However, this is a special project that needs to have opinions of central ministries, agencies and the Government, therefore, Mr. Nguyen Van Tri suggested that the company shoul early complete the preliminary project to report the Government for approval. At the same time, he confirmed that Vinh Phuc would create all favorable conditions to cooperate with the company for the project to be soon approved.

Tobacco manufacturing plant of the Company invested to build in the province will create high-quality products under international standards, contributing to anti-counterfeit cigarettes; increase the budget of the province and bring the tobacco industry of Vietnam to gradually involve in the value chain of global tobacco and international economic integration

Vinh Phuc News


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