The northern province of Vinh Phuc has granted an investment licence toa company from the Republic of Korea to produce mobile spare parts andelectronic devices for Samsung.
According tothe management board of the Vinh Phuc Industrial Zone, the Vina AnydoElectronics Company will implement a 700,000 USD project on nearly 2,000square metres in the Binh Xuyen Industrial Zone.
The project is expected to generate an annual revenue of 16.5 millionUSD, and create jobs for more than 250 local residents, with an averagemonthly 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