Business

Southern region welcomes many high-tech projects

Numerous hi-technology projects have been granted investment licences and allowed to increase investment capital in the last months of the year.
Southern region welcomes many high-tech projects ảnh 1The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City (Source:VNA)

Hanoi (VNA) – Numerous hi-technologyprojects have been granted investment licences and allowed to increase investmentcapital in the last months of the year.

Guru Mallikarjuna, Director General of Bosch Vietnamsaid the German group plans to increase investment in Vietnam by 58 million EUR(67 million USD) to build a new workshop at its facility in the Long Thanhindustrial park in the southern province of Dong Nai in early 2018.

Between April 2008 and March 2017, the Dong Nai factoryproduced 20 million power transmission belts, according to Guru Mallikarjuna.

Bosch has expanded investment in the Vietnam factoryseveral times, with the most recently addition of 47 million USD in June thisyear, aiming to increase production capacity to meet demand of automobileenterprises in Southeast Asia and Asia.

With the latest capital increase, the company’stotal investment in Vietnam reaches 321 million EUR (372 million USD), makingBosch the biggest investor in hi-technology in Dong Nai.

Meanwhile, the Saigon Hi-Tech Park (SHTP) hasrecently granted investment licences to four new hi-tech projects.

EchigoVietnam JSC poured 10.6 million USD into a high precision mold manufacturingproject with an annual capacity of 240 molds and 100 million parts.

THTPrecision Engineering Co Ltd was approved to develop precision engineeringproducts for hi-tech engines and machines. The project, worth 12 million USD,aims to manufacture 600,000 drive shafts a year.

APCIndustry Corporation invested 7.5 million USD in a plant to manufacture hi-techsupport equipment such as motors, electric generators, transformers andelectricity distribution and control equipment.

DuyKhanh Engineering Co Ltd will build a precise mold and machinery plant at atotal cost of more than 5.2 million USD in the park.

Accordingto Le Hoai Quoc, head of the SHTP Authority, investment in supportingindustries and precision engineering is encouraged.

TheSHTP is accelerating development of a 197-hectare science and technology parkas the second hi-tech park in the city. The project is expected to open toinvestors in the third quarter of next year.

In addition, the first-phase of the SHTP-based Saigon Silicon Cityproject has been completed and will call for investment early next year. Thefacility is expected to draw 20 projects, worth around 1.5 billion USD insupport industry and high technology.-VNA
VNA
#hi-technology projects #investment licences #Bosch Vietnam #Dong Nai #automobile enterprises #Echigo Vietnam #SHTP Authority #Vietnamplus #Vietnam News #Vietnam News Agency Dong Nai Ho Chi Minh City
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