ClockTuesday, 28/05/2019 14:49

One more 15 million USD factory invested in Chan May - Lang Co economic zone

TTH.VN - On the morning of May 27, Chairman of the provincial People's Committee Phan Ngoc Tho granted the Certificate of investment registration to build Billion Max Vietnam Export Processing Factory in Chan May-Lang Co Economic Zone.

Giving Decision on investment policy for the first and largest automobile manufacturing and assembling project in HueKMH Group (South Korea) to expand its business at Chan May – Lang Co Economic ZoneGS Group from South Korea wants to build a solar power project in Chan May - Lang CoJababeka Group - Indonesia exploring investment opportunities in Thua Thien Hue

Chairman Phan Ngoc Tho (right) granting the certificate to investors

Billion Max Vietnam Export Processing Factory is invested by the Hong Kong-based Bilion Max International Develomennt Limited, which is a joint venture of Wilson Group in cooperation with Mattel Group (both are the United States businesses), specializing in distributing children's toys globally.

The factory is built on an area of ​​more than 10 hectares in the Industrial and Non-tariff Zone, belonging to Chan May-Lang Co Economic Zone. With the total investment of USD 15 million (VND 348 billion), the factory construction will be started soon and put into operation in the first quarter of 2020.

Chairman Phan Ngoc Tho witnessing the signing of a joint-venture memorandum between the two groups

The factory aims to produce plastic toys, infant products, monitoring or alarm products, audio equipment and outdoor landscape lights for export. It has a design capacity of 20 million products/year; in which the products of the first phase is about 7 million /year; those of the second phase, about 13 million /year.

Speaking at the certificate handover ceremony, Chairman Phan Ngoc Tho welcomed foreign enterprises that chose Chan May-Lang Co Economic Zone to invest in building a factory. At the same time, he affirmed that the province would create an open investment environment and the best conditions for investors to soon deploy and complete the factory in accordance with the roadmap, to support the stable and long-term business investment.

By Thai Binh

 

RATING
Be the first to review this post!
  Comment

YOU MAY CARE ABOUT

Hue City presents the investment certificate to the project on automobile manufacturing and assembling complex

On January 30, Secretary of the Provincial Party Committee, Mr. Le Truong Luu, and Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, Mr. Phan Ngoc Tho handed over the decision on investment policy for the project on automobile manufacturing and assembling complex to Bach Viet Automobile Manufacturing Industry Joint Stock Company (Gami Group).

Hue City presents the investment certificate to the project on automobile manufacturing and assembling complex
Attracting more new projects

Up to now, the Chan May-Lang Co Economic Zone (CM-LC EZ) has attracted 43 projects with a total capital investment of nearly VND 40 trillion and aimed to grant new investment certificates to approximately ten projects by 2018.

Attracting more new projects
Jababeka Group - Indonesia exploring investment opportunities in Thua Thien Hue

On the morning of July 12, Chairman of the Provincial People's Committee Nguyen Van Cao had a meeting with representatives of Jababeka Group - Indonesia and Singland Real Estate Joint Stock Company coming to explore investment cooperation opportunities in the province. Representatives of some related departments and sectors also attended the meeting.

Jababeka Group - Indonesia exploring investment opportunities in Thua Thien Hue
Return to top