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 700,000 USD project on nearly 2,000 square metres in the Binh Xuyen Industrial Zone.

The project is expected to generate an annual revenue of 16.5 million USD, and create jobs for more than 250 local residents, with an average monthly salary of 200-300 USD.

Vinh Phuc now hosts 196 foreign direct investment (FDI) projects worth a total of nearly 3.3 billion USD.-VNA