Song Cong IP in Thai Nguyen (Source: HNX)

Thai Nguyen (VNA) – The People’s Committee of northern Thai Nguyen province on September 19 handed over a 50-year investment license to the ALK JSC Company to build its factory in the local Diem Thuy industrial park.

Covering nearly 105,500 sq.m, the facility has a total investment of 75 million USD.
Upon its completion by the first quarter in 2020, the factory will produce aluminium frames for LCD/OLED TVs and electronic components, aluminium components for automobile, trains, and airplanes, at a volume of 36,000 tonnes per year.

Addressing the ceremony, Chairman of the provincial People’s Committee Vu Hong Bac welcome the investment, pledging that the locality will associate with the investor in implementing the project.

Thai Nguyen has been approved to establish six concentrated industrial parks on 1,420 hectares, namely Song Cong 1, Song Cong 2, Nam Pho Yen, Yen Binh, Diem Thuy, and Quyet Thang. Four of them have been put into operation.

By the end of 2015, the province had 136 projects, including 63 FDI ones.

In the first six months of this year, the province lured 15 new projects, raising the total valid number of projects to 151, including 74 foreign and 77 domestic ones, worth a total of 7 billion USD and 11 trillion USD, respectively.-VNA