Nghe An grants investment licence to US$200-mln electronic component project
Ju Teng International Holdings Ltd has been granted an investment certificate for its electronic component and automobile accessories project worth US$200 million at Hoang Mai Industrial Park in the central province of Nghe An.
The project is expected to be commenced in March 2022 and come into operation in October 2023.
The plant will manufacture electronic components, plastic products, spare parts and auxiliary parts for automobiles.
Speaking at the handover ceremony, Chairman of the provincial People’s Committee Nguyen Duc Trung said once the project begins operation, it will create new momentum for the province's socio-economic development, contributing to promoting growth, generating jobs and raising incomes for employees and maximising the potential and advantages of Nghe An province and the region in general.
Favourable conditions will be created for the investor in terms of policies and investment environment, he said, adding that provincial agencies and localities will be asked to coordinate in settling emerging difficulties with the aim of putting the project into operation as soon as possible.