RoK’s 63 mln USD electronics project to be set up in HCM City
The Saigon Hi-tech Park (SHTP) has granted an investment licence to a 63 million USD-project from the Republic of Korea (RoK) to produce electronic components and LED screens, reported the Dau Tu (Investment) newspaper.
The Saigon Hi-tech Park (SHTP) has granted an investment licence to a 63million USD-project from the Republic of Korea (RoK) to produceelectronic components and LED screens, reported the Dau Tu (Investment)newspaper.
The project, by Daeyoung Electronics VinaCo., Ltd, was the first in a series of projects to supply the ongoingSamsung CE Complex project which began in May 15 this year with a totalinvestment of 1.4 billion USD.
Authorities of the HoChi Minh City-based SHTP said that 2-3 more RoK projects in electronicsand consumer electronics will be approved in the coming time.
Dau Tu newspaper also quoted a report of the municipal Department ofPlanning and Investment as saying that foreign direct investment in thecity for the first five months of this year is estimated at slightlyover 1 billion USD, up 33 percent from the same period last year.
The figure includes 669 million USD poured into new projects and 386 million USD added to existing projects.-VNA
Vietnam is ready to serve as an important gateway for Korean enterprises to enter the Southeast Asian market. Korean firms with experience and advanced technology to engage in energy transition and national infrastructure modernisation, said Party leader To Lam.
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