Goertek Vina Group increases investment capital in Nghe An, expected to create jobs for 30,000 people

Attending the meeting, on the investor side, there was Mr. Zhang Jian Hua - Deputy General Director of Goertek Vina Precision Industry Co., Ltd., leaders of the company's departments. On the Nghe An province side, there was Mr. Le Tien Tri - Head of the Management Board of the Southeast Nghe An Economic Zone, chaired by leaders of the functional departments of Nghe An province.

The project with the largest foreign investment capital in Nghe An at present

At the meeting, the leadershipGoertek Vina has approved the current situation of the company and the project being implemented in Nghe An.

In October 2020, Nghe An province granted the Investment Registration Certificate for the project of manufacturing electronic products, network equipment and multimedia audio products to Goertek Vina in the Industrial Park.WHA Industrial Zone 1 - Nghe An. The project has a total investment of 100 million USD in phase 1, located in WHA Industrial Zone 1, Nghe An. In January 2021, just 3 months after being granted the Investment Certificate, Goertek Vina started construction of the factory.

Provincial leaders, WHA Industrial Park, and investors perform the groundbreaking ceremony of the Goertex Vina Factory project in Nghe An. Photo: archive. Photo: Pham Bang

On January 11, 2022, Nghe An province granted the second Investment Registration Certificate to the investor.Goertek Vina. Accordingly,GoertekVina decided to increase capital by 400 million USD to the project in Nghe An, bringing the total investment capital of the project to 500 million USD. The project is expected to create jobs for about 30,000 workers after completion.

According to the plan, in 2022, the project in Nghe An will complete phase 1 and put into operation and production. During the investment and implementation process of the project in Nghe An, Goertek Vina has always received attention and direction from the leaders of the Provincial Party Committee, the Provincial People's Committee and departments, branches and sectors of Nghe An province so that the project can be implemented smoothly and ensure progress.

With an investment capital of 500 million USD, Goertex Vina is the largest foreign-invested project in Nghe An. This is a great honor for Nghe An province to welcome investors and provide the necessary conditions for the project to operate.

Overview of the working session between sectors and investor Goertex Vina. Photo: Quang An

At the meeting, investors want to learn and resolve all issues to ensure the project goes into operation, including: Experts, foreign workers, boarding houses, social housing for workers, human resource supply issues, fire prevention and fighting issues, environment, electricity, water, waste treatment, logistics activities...

Responding to the issues raised by investors, the CompanyNghe An Electricitysaid, investors are assured because the Company has provided enough demand and if investors have more demand, they will continue to add more electricity. Regarding clean energy, Nghe An currently has 100M but the price has not been implemented yet because the Government has not yet regulated it. Regarding competitive electricity prices, Nghe An Electricity Company is currently still the representative of Vietnam Electricity to sell to investors.

Mr. Zhang Jian Hua -Deputy General Director of Goertek Vina Precision Industry Co., Ltd. speaks at the meeting about necessary issues. Photo: Quang An

Goertex Vina project is the largest FDI project to date in WHA Industrial Zone 1 Nghe An. Photo: PV

Regarding labor, the representative of the Department of Labor, War Invalids and Social Affairs also said that the labor supply in Nghe An is about 45,000 people each year, including both technical and unskilled workers. There are 62 training facilities in the area, training about 70,000 workers each year, of which over 50,000 workers have had output.

Regarding logistics and transportation, the Department of Transportation said that Nghe An has enough seaports, airports, and road traffic. Regarding roads, the coastal road and the North-South Expressway are currently under construction and completion, so National Highway 1A will reduce traffic density by about 30%, and the Southeast Economic Zone will also be significantly reduced. In addition, traffic in the economic zone is being invested in, helping investors feel secure.

Currently, Cua Lo Deep Water Port has investors, Cua Lo Port now has an international container ship route to transport goods internationally.

Representatives of the Tax and Customs sectors and Nghi Loc district also provided answers to investors to help them feel secure when starting operations.

Mr. Le Tien Tri - Head of the Southeast Economic Zone Management Board concluded the answers to the enterprises' questions. Photo: Quang An

Concluding the meeting, Mr. Le Tien Tri thanked the investors and the departments for discussing and answering the issues raised by the investors. The Southeast Economic Zone Management Board will always accompany and serve the investors in the best way. The board will collect and send written documents to the investors for them to study and prepare for the stages before the project goes into operation.

Goertek Group was established in 2001 and officially listed on the stock exchange in 2008; Goertek is a high-tech innovative enterprise with a global scale; Mainly manufacturing and trading in acoustic and optical electronic components, precision structural devices and high-end electronic products such as: wireless headphones, AR/VR virtual glasses, smart home appliances... Currently, the group has built comprehensive competitiveness in many fields, many output items are among the top in the world. The company's major customers currently include: U01, Google, Amazon, Microsoft, Meta, Samsung, Sony, Huawei and other leading consumer electronics enterprises in the world... In 2021, Goertek celebrated its 20th anniversary.

Over the past 20 years, Goretek Group has grown rapidly with an average annual growth rate maintained at around 40%. With total revenue reaching 12 billion USD in 2021, the Group aims to reach 40 billion USD in revenue by 2025.

Goertek Vina in 2013 Goertek Group officially invested in the Vietnamese market. After 8 years of investment and development, Goertek has become a large FDI enterprise in Bac Ninh province. Currently, the project in Bac Ninh province has invested 565.7 million USD, with a scale of 45,000 workers and an industrial land area of ​​more than 40 hectares; in 2020, the total import and export value was over 6 billion USD. In 2021, despite the impact of the Covid-19 pandemic, by the end of 2021, the company's revenue increased by 20.4% compared to the previous year.

WHA Industrial Zone 1 - Nghe An (WHA IZ 1 - Nghe An) is a key industrial park (IP) infrastructure project of Nghe An province, which has come into operation, not only creating an important premise to promote investment attraction, bringing many opportunities for investors in Vietnam and Southeast Asia, but also contributing to promoting the socio-economic development of the province and the region. Currently, this key industrial park is a destination for major investors in Nghe An. The occupancy rate, that is, the number of investors in the IP, currently accounts for 56%.

Pearl