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Foreign investors still have good opportunities in Vietnam
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Daeyoung Electronics Vina to set up shop at SHTP
Date: 4/3/2017 11:23:44 PM
The authority of Saigon Hi-Tech Park (SHTP) in HCMC has presented an investment certificate to Daeyoung Electronics Vina, a supplier of Samsung, according to a source from SHTP.
The awarding of the investment certificate to the South Korean firm took place during a recent trade and investment promotion visit to Busan by the HCMC government.
With total registered capital of US$63 million Daeyoung Electronics Vina will produce electronic components and LED screens.
The project is what the city needs to develop supporting industries for major manufacturers like Samsung who will spend US$1.4 billion on an electronics complex in HCMC. Samsung’s investment project is expected to attract firms in supporting industries to come to set up shop.
Phase one of Samsung’s new manufacturing complex is scheduled for operation in next year’s quarter two to produce TVs. In the next phase the complex will manufacture home appliances like fridges, air conditioners and washing machines.
(Source:english.thesaigontimes.vn)
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NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
