The central province of Quang Ngai licenced Foster Electric (Da Nang) Co., Ltd, a subsidiary of Japanese-based Foster Group, to build a factory to manufacture electronic components.
The facility, the first of its kind in Quang Ngai, will be constructed at a cost of VND174 billion and is designed to have an annual capacity of 480 million products.
It is expected to be put into operation by August this year.
On this occasion, the management board of Quang Ngai industrial zones also granted a licence to the Kizuna project invested by Kizuna Quang Ngai JSC, to build a complex of workshops, office buildings, and support facilities to serve industrial production.
The VND29 billion project covers almost one hectare.
The two projects are located at the Tinh Phong Industrial Zone in Son Tinh district.
Source : VNA/VOVOnline