On July 3, Quang Ninh province held a ceremony to grant an investment registration certificate to Foxconn Group to implement two projects with a total capital of 551 million USD.
These are the Smart Entertainment Product Project invested in Song Khoai Industrial Park (Amata) with an area of 21.5 hectares, total capital of 263.7 million USD, designed capacity of 4.18 million products/year; the Smart System Project in Bac Tien Phong Industrial Park (Deep C) invested in an area of 12.4 hectares, total capital of 287.2 million USD, designed capacity of 8.78 million products/year.
Quang Ninh province grants investment certificates to 2 FDI projects worth over 550 million USD (Photo: Quang Ninh Provincial Portal).
These are production projects in the field of processing and manufacturing industry, in line with the goals and orientations of attracting investment and development of Quang Ninh in the new period. They are environmentally friendly projects, have high added value, use land and resources economically and effectively, and contribute greatly to the growth of GRDP and budget revenue of the Province.
Foxconn Group was founded in 1974 in Taiwan (China), is a leading brand in the field of consumer electronics manufacturing, participating in 40% of the consumer electronics market share worldwide , ranked 20th in the Top 500 largest enterprises globally according to the US Fortune Magazine.
Foxconn invested in Quang Ninh in 2019 with the S-Vietnam Project in Dong Mai Industrial Park with an investment capital of 137 million USD. Up to now, the project has been put into stable production and business operations. In 2023, the Group will continue to invest in 2 more projects with a total investment capital of 246 million USD.
With 2 new projects granted investment certificates, Foxconn Group has invested in a total of 5 projects in Quang Ninh province with a total capital of nearly 1 billion USD .
Source: https://www.nguoiduatin.vn/quang-ninh-don-nhan-2-du-an-fdi-hon-550-trieu-usd-a671357.html
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