Electronic components factory to be built in Bac Ninh for $200 million
Through the Chinese company, it is expected that more foreign companies and investors will seek long-term cooperation opportunities in the locality.
Victory Giant Technology (HuiZhou) Co.,Ltd, a China-based company, has chosen the northern province of Bac Ninh to build a US$200 million electronic component factory in VSIP Bac Ninh II.
Victory Giant Technology selects Bac Ninh for new plant construction. Photo: Victory Giant Technology |
The information was released at a meeting last week between Nguyen Anh Tuan, Secretary of the Bac Ninh Provincial Party Committee, and Chen Tao, Chairman of the Board of Victory Giant Technology. Once the factory is operational, its annual sales will reach approximately $1 billion.
Chen Tao, Chairman of the Board of Victory Giant Technology, expressed the company's desire to invest in Bac Ninh Province and said that this is their third visit for an investment survey.
He informed that Victory Giant Technology specializes in research and development, production and sales of high precision printed circuit boards (PCB). It ranks 21st in the world's top 100 PCB companies (Prismark) and 4th in the top 100 domestically-funded companies in China's PCB industry.
At the event, Tuan expressed his hope that more foreign businesses and investors will find long-term cooperation opportunities in the area through the Chinese company.
He urged the company to abide by Vietnamese laws and policies in the process of research, investment, and future operations and to ensure benefits for workers.
The Secretary of the Provincial Party Committee assigned the Board of Directors of VSIP Bac Ninh Urban - Industrial Park to assist the company in learning the procedures and promoting investment in the province.
Other News
- Vingroup chairman still Vietnam’s wealthiest businessman: Hurun report
- 50 business leaders discuss future of AI at international conference ICISN 2024
- Maersk plans to build Vietnam’s largest deep-water port
- FPT Long Chau forms partnership with IHH Healthcare Singapore
- New agreement enhances Vietnam-Singapore tourism cooperation
- New Oakwood Hospitality location in Quang Ninh
- Silicon Valley ambassador helps Vietnamese businesses go global
- Customer experience is core of economy, experts say
- AkzoNobel promotes sustainable practices in real estate industry
- Uniqlo opens another store in downtown Hanoi
Related News
Trending
-
Tran Thanh Man assigned to drive National Assembly activities
-
Vietnam news in brief - May 2
-
Four- and five-star hotels to boom in Hanoi as tourism rebounds
-
Trivial jobs: Hanoians strive to keep their old trades alive
-
Hanoi strives to ensure smooth high school exams
-
Carnaval Ha Long 2024 woos tourists with fireworks and drone light shows
-
Affordable, quality tours offered at Hanoi Tourism Festival 2024
-
Introduction of community tourism area in Hanoi herb kingdom
-
Capital Law revision helps Hanoi promote role as nation’s socio-economic hub