The facility is expected to cover an area of 20 – 30 hectares for computer parts production, which would later be exported to the US worth US$3 billion.
China’s multinational technology company Lenovo plans to buil a production facility in the northern province of Bac Giang, Vietnam, according to Bac Giang portal.
The facility is expected to cover an area of 20 – 30 hectares for computer parts production, which would later be exported to the US worth US$3 billion, said the local CEO of the Chinese company, Bach Bang, in a meeting with Chairman of Bac Giang People’s Committee Nguyen Van Linh on February 19.
Bang requested Bac Giang’s local authority to introduce a suitable industrial park for the company’s project, adding that Lenovo is currently looking at investment procedures and related policies in the province.
At the meeting, Bac Giang Chairman Nguyen Van Linh welcome Lenovo’s initiative, saying that the province’s economic growth stood third nationwide, in which the industrial sector contributed a significant part.
In 2018, the sector grew by 28% year-on-year, Linh said.
Bac Giang currently has 92 ongoing foreign invested projects, of which the majority are Chinese investors in the production of solar power batteries and electronic components, among others.
Bac Giang Chairman of People's Committee Nguyen Van Linh (r) and Lenovo's local CEO Bach Dang. Source: BGP.
|
Bang requested Bac Giang’s local authority to introduce a suitable industrial park for the company’s project, adding that Lenovo is currently looking at investment procedures and related policies in the province.
At the meeting, Bac Giang Chairman Nguyen Van Linh welcome Lenovo’s initiative, saying that the province’s economic growth stood third nationwide, in which the industrial sector contributed a significant part.
In 2018, the sector grew by 28% year-on-year, Linh said.
Bac Giang currently has 92 ongoing foreign invested projects, of which the majority are Chinese investors in the production of solar power batteries and electronic components, among others.
Other News
- Nvidia, FPT invest US$200 million in AI factory
- US-based Rosen Partner to invest in world-class entertainment complex projects in Vietnam
- Foreign capital set to dominate Vietnam’s M&A landscape
- Samsung to invest US$1 billion annually in Vietnam
- Thai bank acquires Vietnamese finance company
- Vietnam appreciates support from int’l friends in nation-building: PM
- Vietnam, Hungary call for stronger economic ties
- Vietnam - Indonesia expand cooperation to include green growth, EV ecosystem
- Vietnam ready to absorb investment capital in semiconductor industry
- India’s largest energy group eyes investment in Vietnam
Trending
-
Capital Law revision helps Hanoi promote role as nation’s socio-economic hub
-
Vietnam news in brief - April 25
-
Vietnamese contemporary ballet celebrates Europe Day
-
IT training urged to focus on semiconductors
-
Voluntary social security should cover larger part of informal sector: Experts
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area