RoK’s 63 mln USD electronics project to be set up in HCM City
The Saigon Hi-tech Park (SHTP) has granted an investment licence to a 63 million USD-project from the Republic of Korea (RoK) to produce electronic components and LED screens, reported the Dau Tu (Investment) newspaper.
The Saigon Hi-tech Park (SHTP) has granted an investment licence to a 63million USD-project from the Republic of Korea (RoK) to produceelectronic components and LED screens, reported the Dau Tu (Investment)newspaper.
The project, by Daeyoung Electronics VinaCo., Ltd, was the first in a series of projects to supply the ongoingSamsung CE Complex project which began in May 15 this year with a totalinvestment of 1.4 billion USD.
Authorities of the HoChi Minh City-based SHTP said that 2-3 more RoK projects in electronicsand consumer electronics will be approved in the coming time.
Dau Tu newspaper also quoted a report of the municipal Department ofPlanning and Investment as saying that foreign direct investment in thecity for the first five months of this year is estimated at slightlyover 1 billion USD, up 33 percent from the same period last year.
The figure includes 669 million USD poured into new projects and 386 million USD added to existing projects.-VNA
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