Illustrative image (Photo: VNA) The Compal Vietnam Co., Ltd (Compal), a Taiwanese electronics manufacturer, has announced its plan to re-invest in the northern province of Vinh Phuc years after receiving an investment certificate.
During his recent working session with representatives from the provincial People’s Committee, Deputy General Director of Compal Vincent Lee said his firm is preparing infrastructure facilities for its upcoming project in the locality.
He urged local authorities to continue assisting the firm to implement its project successfully.
The provincial People’s Committee granted an investment certificate to Compal eight years ago to build a plant for manufacturing laptop and computer parts and peripherals and other electronics with a total investment of 500 million USD.
However, the project, which was expected to generate jobs for 35,000 employees, was not implemented on schedule because of economic downturns and a shrinking PC market.
Vice Chairman of the provincial People’s Committee Nguyen Van Chuc said the local authorities have enacted policies for the investor.
He affirmed that the locality is willing to support the business to swiftly implement its project, which will now focus on manufacturing smart phones.-VNA
