RoK investors get investment licenses in Vinh Phuc province

The first project is a plant of ACT VINA manufacturing electronic printed circuit boards for mobile phones and other electronic devices. It aims to produce 10 million products per year with a total investment of US$7 million.

The second project worth US$5 million will be carried out by the Hanbo ENC Ltd., Co. to produce leather cases and covers for electronic goods and accessories.

Located at Ba Thien II industrial park in Thien Ke commune, Binh Xuyen district, the two plants are expected to be put into operation from October 2018.

Investors of the projects pledged to generate jobs for 1,000 workers with monthly income of about US$250 each.

Vinh Phuc is requesting relevant agencies to create the most favourable conditions for investors to implement projects as scheduled and in accordance with legal regulations in Vietnam.

As of February 2018, the province counted 278 FDI projects worth over US$4 billion from 15 countries and territories. Japan ranked second with 31 projects with registered capital of US$816 million and led in business-production efficiency.