Bac Giang grants licences to projects worth 132 million USD
The authorities of the northern province of Bac Giang on May 4 presented certificates recognising investment registration to two Singaporean-funded projects worth 132 million USD in the local districts of Viet Yen and Yen Dung.
Bac Giang (VNA) – The authorities of the northernprovince of Bac Giang on May 4 presented certificates recognising investmentregistration to two Singaporean-funded projects worth 132 million USD in thelocal districts of Viet Yen and Yen Dung.
One of the projects is invested by the Singaporean-based HIUVApplied Materials Technology Investment Pte. Ltd and located at Viet Yen’s VietHan industrial park. The 90-million-USD project, set to span some 52,803 sq.m.of land, aims to manufacture self-adhesive PET protective films, EAV films,silicone films, film materials, and plastic products and materials serving thesolar energy industry.
After being operational following its 12-month ofconstruction, the facility is expected to employ about 300 people andcontribute to the State budget approximately 44.5 billion VND (1.89 million USD)per year.
The second is a 42-million-USD factory by the Yonz TechnologySingapore Pte. Ltd. at the Yen Lu industrial park, Yen Dung district. Covering about100,000 sq.m., it is designed to annually produce some 110,000 tonnes of aluminumframes for the solar battery manufacturing and assembly industry. Expected tobe completed in 24 months after receiving the certificate, the plant will createnearly 1,090 jobs and annually contribute to the State budget approximately 187billion VND.
Addressing the certificate handover ceremony, the investorssaid they hope to help perfect the solar energy ecosystem and contribute to theeconomic development of Bac Giang. They said they are committed to strictlycomply with Vietnam’s laws.
Vice Chairman of the provincial People's Committee Phan The Tuan pledged the bestconditions possible within the legal framework for investors.
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At the ceremony (Photo: VNA) 
