RoK investors get investment licenses in Vinh Phuc province
The northern province of Vinh Phuc has granted investment licenses to two projects from the Republic of Korea (RoK), raising the total capital from RoK firms to over 1.36 billion USD.
RoK investors get investment licenses in Vinh Phuc province (Illustrative image. Source: VNA)
Vinh Phuc (VNA) – The northernprovince of Vinh Phuc has granted investment licenses to two projects from theRepublic of Korea (RoK), raising the total capital from RoK firms to over 1.36billion USD.
The first project is a plant of ACT VINA manufacturingelectronic printed circuit boards for mobile phones and other electronicdevices. It aims to produce 10 million products per year with a totalinvestment of 7 million USD.
The second project worth 5 million USD will becarried out by the Hanbo ENC Ltd., Co. to produce leather cases and covers for electronicgoods and accessories.
Located at Ba Thien II industrial park in ThienKe commune, Binh Xuyen district, the two plants are expected to be put intooperation from October 2018.
Investors of the projects pledged to generatejobs for 1,000 workers with monthly income of about 250 USD each.
Vinh Phuc is requesting relevant agencies tocreate the most favourable conditions for investors to implement projects asscheduled and in accordance with legal regulations in Vietnam.
As of February 2018, the province counted 278FDI projects worth over 4 billion USD from 15 countries and territories. Japanranked second with 31 projects with registered capital of 816 million USD andled in business-production efficiency.-VNA
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RoK investors get investment licenses in Vinh Phuc province (Illustrative image. Source: VNA) 
