Bac Giang grants licences to projects worth 132 million USD

The authorities of the northern province of Bac Giang on May 4 presented certificates recognising investment registration to two Singaporean-funded projects worth 132 million USD in the local districts of Viet Yen and Yen Dung.
Bac Giang grants licences to projects worth 132 million USD ảnh 1At the ceremony (Photo: VNA)
Bac Giang (VNA) – The authorities of the northernprovince of Bac Giang on May 4 presented certificates recognising investmentregistration to two Singaporean-funded projects worth 132 million USD in thelocal districts of Viet Yen and Yen Dung.

One of the projects is invested by the Singaporean-based HIUVApplied Materials Technology Investment Pte. Ltd and located at Viet Yen’s VietHan industrial park. The 90-million-USD project, set to span some 52,803 sq.m.of land, aims to manufacture self-adhesive PET protective films, EAV films,silicone films, film materials, and plastic products and materials serving thesolar energy industry.

After being operational following its 12-month ofconstruction, the facility is expected to employ about 300 people andcontribute to the State budget approximately 44.5 billion VND (1.89 million USD)per year.

The second is a 42-million-USD factory by the Yonz TechnologySingapore Pte. Ltd. at the Yen Lu industrial park, Yen Dung district. Covering about100,000 sq.m., it is designed to annually produce some 110,000 tonnes of aluminumframes for the solar battery manufacturing and assembly industry. Expected tobe completed in 24 months after receiving the certificate, the plant will createnearly 1,090 jobs and annually contribute to the State budget approximately 187billion VND.

Addressing the certificate handover ceremony, the investorssaid they hope to help perfect the solar energy ecosystem and contribute to theeconomic development of Bac Giang. They said they are committed to strictlycomply with Vietnam’s laws.

Vice Chairman of the provincial People's Committee Phan The Tuan pledged the bestconditions possible within the legal framework for investors.

Bac Giang now houses 493 foreign-invested projects valued over 9.1 billionUSD./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.