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Electronics producer adds over 305 mln USD in investment to Bac Ninh facility

The northern province of Bac Ninh on March 3 officially licensed electronics manufacturer Goertek Vina a to raise its investment in its facility at Que Vo Industrial Park to 565.7 million USD from 260 million USD.
Electronics producer adds over 305 mln USD in investment to Bac Ninh facility ảnh 1At the licence handover ceremony (Photo: VNA)
Bac Ninh (VNA) – The northern province of Bac Ninhon March 3 officially licensed electronics manufacturer Goertek Vina a to raiseits investment in its facility at Que Vo Industrial Park to 565.7 million USDfrom 260 million USD.

Speaking at the licence handover ceremony, Chairman of theprovincial People’s Committee Nguyen Huong Giang said Bac Ninh highly appreciatesinvestors from China, Taiwan (China), the Republic of Korea and Japan, adding that with the additional investment, the company is expected tocreate more jobs and increase contribution to local State budget.

According to Goertek Vina CEO Yoshinaga Kazuyoshi, thecompany, which produces electronic devices, network equipment and multimediaaudio products, now employs over 30,000 workers. Last year, its revenue rose by20.4 percent to 3.28 billion USD despite COVID-19.

Bac Ninh raked in more than 1.3 billion USD in foreigndirect investment (FDI) in the first two months of this year, making it thecountry’s largest FDI recipient during the period.

FDI flows into Bac Ninh accounted for 26.5 percent of thecountry’s total and was 7.6 times that of the same period last year.

The industrial province is currently home to 1,727 valid FDIprojects with total registered investment reaching nearly 22.54 billion USD./.
VNA

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