The SY Group from the Republic of Korea has opened a representative office in Bac Lieu city of the Mekong Delta province of Bac Lieu.
The Bac Lieu provincial Department of Planning and Investment and SY Group sign a memorandum of understanding on the Korean firm's investment in a sol
SY operates in multiple industries such as construction materials, architecture, colour-coated steel and energy.
At an inauguration ceremony for the office last week, Deputy Director of the provincial Department of Planning and Investment Tran Thanh Hai said Bac Lieu will provide the best possible conditions for the group.
The province will support businesses and investors since their development also means growth for the locality, he stressed.
The SY Group is carrying out a solar power plant in Long Dien Dong commune of the province’s Dong Hai district.
Covering 400ha, the project will be implemented from 2017 to June 2019 at a total cost exceeding VND10.24 trillion (US$450 million). It will have total capacity of 300MW when fully operational.
This is the biggest solar energy project in Vietnam so far, according to Chairman of the SY Group Hong Young Don.
Source: vietnamplus.vn