Hi-Tech Park companies to invest $110m

Friday, Dec 18, 2015 10:20

A conrner of Saigon Hi-tech Part. — Photo sggp.com.vn

HA NOI (Biz Hub) — The Saigon Hi-Tech Park (SHTP) in HCM City on December 17 granted investment licences to new projects of two South Korean enterprises operating in supporting industry worth a total more than US$110 million.

Platel Vina, a project of Intops Viet Nam Limited Company, will build a factory to manufacture electronic components, with an investment capital of $80 million on a 40,000 sq.m land plot.

The project is expected to go into operation at the end of 2016, with a capacity of 6.5 million products per year.

The plant will first focus on producing household appliance parts and components for South Korean firm Samsung Electronics Viet Nam Company Ltd. Then it will expand business into other sectors, including the development and manufacture of internet of things (IoT) devices.

The other project, a heat exchanger manufacturing plant of Daihan Climate Control Co., Ltd, has an investment capital of $32 million, covering an area of 20,700 square meters.

The plant is scheduled to be operational in the second half of 2016, with a capacity of two million products a year. It will focus on producing heat exchangers, components for refrigerators and air conditioners.

According to Daihan Climate Control company, the plant will have to recruit about 400 Vietnamese workers, and enhance the quality of personnel resources. The two above projects both engage in the supply chain of support products for Samsung.

On May 2015, Samsung Electronics Company started construction on the Samsung Consumer Electronics Complex (SEHC) at the SHTP with a total investment of US$1.4 billion. It is a base for Samsung's research and development (R&D) activities and manufacturing hi-tech electronic products. — VNS

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