RoK’s Solum Vina Company inaugurates factory in Vinh Phuc
The Solum Vina Company of the Republic of Korea officially inaugurated its factory at the Ba Thien II Industrial Park (IPs) in northern Vinh Phuc province’s Binh Xuyen district on December 26.
Solum Vina Company inaugurates its factory in the northern Vinh Phuc province (Photo: baovinhphuc.vn) phuc.html#RDhCTDw9uHViFtI5.99
VinhPhuc (VNA) – The Solum Vina Company of the Republic of Korea officiallyinaugurated its factory at the Ba Thien II Industrial Park (IPs) in northern VinhPhuc province’s Binh Xuyen district on December 26.
Thewholly foreign invested company began construction in April.
Covering an area of 40,000sq.m., the 20 million USD project produces andoutsources electronic spare parts for TVs, computer screens, mobile phones andelectronic parts for large companies, such as SamSung, Appo, Panasonic andSony. The factory has total capacity of 10 million products per month.
InAugust, the company completed the factory’s construction and becameoperational. It has created jobs for some 1,500 people. Solum Vina Company is expectedto reach a turnover of 300 million USD, contributing 1.5 million USD to theState budget in 2017.
VinhPhuc’s IPs management board said the province attracted 159 FDI projects from13 countries and territories with total registered capital of 2.9 billion USD in2016.
TheRoK took the lead among foreign investors in the province, with 70 projects and974.9 million USD worth total investment. The inflow from RoK firms into VinhPhuc’s IPs has significantly contributed to the province’s socio-economicdevelopment over the past few years.
Lastweek, Fuhua Co Ltd of Taiwan (China) also commenced construction of 17workshops for rent in the Binh Xuyen 2 IP.-VNA
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Solum Vina Company inaugurates its factory in the northern Vinh Phuc province (Photo: baovinhphuc.vn)
