Vinh Phuc licenses RoK electronics project
The northern province of Vinh Phuc has granted an investment licence to a company from the Republic of Korea to produce mobile spare parts and electronic devices for Samsung.
According to the management board of the Vinh Phuc Industrial Zone, the Vina Anydo Electronics Company will implement a US$700,000 project on nearly 2,000 square metres in the Binh Xuyen Industrial Zone.
The project is expected to generate an annual revenue of US$16.5 million, and create jobs for more than 250 local residents, with an average monthly salary of US$200-US$300.
Vinh Phuc now hosts 196 foreign direct investment (FDI) projects worth a total of nearly US$3.3 billion.
The project is expected to generate an annual revenue of US$16.5 million, and create jobs for more than 250 local residents, with an average monthly salary of US$200-US$300.
Vinh Phuc now hosts 196 foreign direct investment (FDI) projects worth a total of nearly US$3.3 billion.