Nghe An prepares to start construction of $200 million electronic components factory

Previously, on December 30, 2021, the People's Committee of Nghe An province granted the investment registration certificate for the Juteng Electronic Components, Products and Auto Parts Factory project, invested by Ju Teng International Group (Taiwan). At the ceremony, the signing ceremony of the Land Lease Principle Agreement and the granting of the investment registration certificate for the Ju Teng Electronic Components and Auto Parts Factory project took place in Hoang Mai Industrial Park (Hoang Mai town).

The leaders of the Southeast Economic Zone Management Board and the leaders of Hoang Mai town, along with the investor representatives, have just held a meeting to support investors and contractors in performing related work items well. The Southeast Economic Zone Management Board also directed Hoang Mai town to speed up the progress of site clearance for households at the beginning of the N3 route connecting to National Highway 1.

Contractor introduces perspective of groundbreaking ceremony. Photo: PV

The factory groundbreaking event is the result of active negotiations and preparations from all parties over the past time to achieve favorable conditions for the factory to soon come into operation.

The project is located in Hoang Mai Industrial Park, with the aim of producing electronic components, computers and computer peripherals. Producing metal components, plastic products; Mechanical processing; Producing spare parts, accessories for cars, motor vehicles and other structural products.

The project's operating period is until February 26, 2021, from the date of issuance of the Investment Registration Certificate. It is expected that by April 2023, the factory will start trial production and by October 2023, it will start official production. The project covers an area of ​​120 hectares, with a total investment of about VND 4,627 billion, equivalent to USD 200 million.

Project site in Hoang Mai town. Photo: PV

This is a key project to attract investment in Nghe An and will create momentum to attract many other projects. The People's Committee of Nghe An province pledges to continue to stand side by side, accompany and create the most favorable conditions in terms of policies and investment and business environment for investors. The People's Committee assigned the Southeast Economic Zone Management Board to preside over and coordinate with relevant departments, branches and localities to proactively coordinate./.