Hai Phong Industrial Park and Economic Zone continue to welcome projects from Singaporean and Korean investors. On June 25, 2015, the Economic Zone Management Board […]
On June 25, 2015, Hai Phong Economic Zone Management Board issued Investment Certificates for 02 projects with capital foreign direct investment of Singaporean investors in Zone DUrban, industrial and service VSIP Hai Phong and Korean investors in Trang Due Industrial Park, Hai Phong city.
Accordingly, investor Canadian Solar South East Asia Pte. Ltd. (Singapore) registered to establish Canadian Solar Vietnam Manufacturing Company Limited (single-member LLC, export processing enterprise), implementing the project "Manufacturing solar photovoltaic panels in Vietnam" with a total investment capital equivalent to 30 million USD, of which capital contribution to implement the project is equivalent to 10 million USD. The goal and scale of the project is to produce solar photovoltaic panels with an output of about 1.4 million panels/year. The expected factory area is 15,784 m2, the project implementation period is 43 years from the date of issuance of the Investment Certificate. As expected, the project will officially go into production from January 2016.
Investor Sung Woo Precision Co., Ltd. (Korea) registered to establish Sung Woo Tech Vina Co., Ltd. (One Member LLC) to implement the project "Factory for manufacturing, processing and repairing plastic injection molds and plastic components for electronic and household electrical products". The scale for a stable production year is 100 plastic molds/year, 150,000 plastic components/year. Total investment capital is equivalent to 800,000 USD, equal to the capital contribution to implement the project. The expected factory area is 1,000 m2, the project's operating term is 50 years from the date of issuance of the Investment Certificate. The project will have stable production from October 2015./.
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