Vietnamese Tiếng Việt | Sunday, March 24, 2019 | Advertise with Us
Text Size

Singapore headphone firm ups investment

(0 votes, average 0 out of 5)

Singapore-invested New Wing Interconnect Technology Co in northern Bắc Giang province has raised the investment capital of its project by US$110 million.

Workers at the New Wing Interconnect Technology Co. - Photo


With the latest addition, the plant, which manufactures headphones and wires, will have total investment capital of $210 million, becoming one of the largest foreign-invested projects in Việt Nam in the first two months of this year, reports.

Covering more than 60,000sq.m in the Vân Trung Industrial Zone, the plant manufactures nearly 225 million products each year.

In the two-month period, Bắc Giang lured $125 million in foreign investment capital (FDI), ranking 12th among 63 localities nationwide in terms of FDI attraction, statistics from the Foreign Investment Agency showed.

As of February, the province was home to 434 foreign-invested projects, with combined investment capital of $4.96 billion, as per the data.

It strives to attract $1-$1.2 billion in investment by the end of the year.

To this end, the province will continue improving the investment climate while strengthening support and handling obstacles for enterprises and investors to boost the production and business development and facilitate investment attraction.

Top priority for investment attraction will be given to transport infrastructure, energy, the development of industrial parks and clusters, key urban areas, and social infrastructure projects which are suited to the provincial socio-economic development plan.

The province will also welcome investment in supporting industries, hi-tech farming and production and investment in preservation and deep processing of farm produce for domestic consumption and export orientation to increase added value.


Source: VNS

Maybe You Also Interesting :

» What to know before attracting investments from private equity firms

Private equity funds can bring Vietnamese businesses more than simple capital: they can help in other aspects of operatio, including corporate governance,...

» Railway restoration project in Đà Lạt to receive PPP investment

The restoration of the Tháp Chàm-Đà Lạt Railway, originally built by the French, will receive investment from a private-public-partnership (PPP).

» Eurocham puts forward suggestions for Vietnam to improve investment environment in 11th Whitebook

EuroCham members believe that the detailed recommendations outlined in the Whitebook will help to make Vietnam a more competitive, attractive and...