This wholly foreign invested factory covered an area of 40,000sq.m with a total investment of 20 million USD. The factory produces and outsources electronic spare parts for TVs, computer screens, mobile phones and electronic parts for large companies, such as SamSung, Apple, Panasonic and Sony with the total capacity of 10 million products per month.
The project was constructed in April. In August, the the factory’s construction was completed to begin operation. The factory has created jobs for some 1,500 people. Solum Vina Company is expected to reach a turnover of 300 million USD, contributing 1.5 million USD to the State budget in 2017.
According to the Vinh Phuc province’s industrial parks management board, the province has attracted 159 FDI projects from 13 countries and territories with total registered capital of 2.9 billion USD in 2016.
The RoK is the largest foreign investors in Vinh Phuc province, with 70 projects and a total investment of 974.9 million USD. The investment from RoK firms into Vinh Phuc province has significantly contributed to the province’s socio-economic development over the past few years.
