Nghe An province grants investment registration certificate to project with total investment of 200 million USD

Attending the ceremony, on Nghe An province's side, there were comrades: Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; Le Ngoc Hoa - Vice Chairman of the Provincial People's Committee; leaders of relevant departments and branches.

On the investor side, there are Mr. Zheng Li Yu - Chairman of Ju Teng International; Hoang Van Duong - Chairman of the Board of Directors, General Director of Hoang Thinh Dat Joint Stock Company; Phan Duc Tu - Chairman of the Board of Directors of Vietnam Joint Stock Commercial Bank for Investment and Development.

Overview of the ceremony. Photo: Pham Bang

The Ju Teng Electronic Product and Auto Parts Factory Project of investor Excel Smart Global Limited is deployed on an area of ​​1,200,000m²at Hoang Mai 1 Industrial Park (Hoang Mai town).

Project for manufacturing electronic components, computers and computer peripherals; Manufacturing metal components, plastic products; Mechanical processing; Manufacturing spare parts, auxiliary parts for automobiles, motor vehicles and other component products.

The project has a total investment of 200 million USD. The project's operation period is until February 26, 2071 from the date of issuance of the Investment Registration Certificate. It is expected that the project will start construction in March 2022 and trial production will begin in April 2023, and official production will begin in October 2023.

Provincial leaders, investors, and the Vietnam Joint Stock Commercial Bank for Investment and Development attended the ceremony. Photo: Pham Bang

Speaking at the ceremony, Mr. Nguyen Duc Trung - Chairman of the Provincial People's Committee affirmed that this is a key project that Nghe An province is attracting. Previously, on January 27, 2021, the two sides signed a memorandum of understanding on project investment and after nearly 1 year of implementing commitments, with the efforts of both sides, today the ceremony to grant the investment registration certificate for the project took place.

“This affirms Nghe An province’s determination and efforts in attracting key investment projects. Nghe An province is also constantly innovating its investment environment, strongly reforming procedures to attract large projects, creating spillover effects, attracting many other supporting satellite projects, forming a favorable investment and business environment, and cooperating with investors for development,” the Chairman of the Provincial People’s Committee emphasized.

Comrade Nguyen Duc Trung - Chairman of the Provincial People's Committee spoke at the ceremony. Photo: Pham Bang

Nghe An province would like to thank the investor for trusting and choosing Nghe An province as the place to implement the investment project and believing that when the project comes into operation, it will be a driving force project, having a spillover effect on the socio-economic development of the province, as well as attracting more projects to jointly implement and support development projects. The project will also contribute to restructuring, promoting growth, creating jobs, and increasing income for a part of the labor force in Nghe An province.

Chairman of the Provincial People's Committee Nguyen Duc Trung emphasized that Nghe An province is committed to continuing to stand side by side, accompany and create all conditions for investors to implement the project. The province will direct the Management Board of the Southeast Economic Zone, departments, branches and Hoang Mai town to create all conditions, and work with investors to remove obstacles and difficulties so that the project can be implemented and put into operation soon.

The ceremony was held online, connecting with investors in Taiwan. Photo: Pham Bang

Speaking at the ceremony, Mr. Zheng Li Yu - Chairman of Ju Teng International thanked Nghe An province and departments and branches for creating favorable conditions for investors to learn about and implement projects in the area.

At the ceremony, the signing ceremony of the Agreement in principle for land lease and the granting of the investment registration certificate for the Ju Teng Electronic Product and Auto Parts Factory project in Hoang Mai Industrial Park (Hoang Mai town) took place.

Nghe An Provincial People's Committee, Hoang Thinh Dat Joint Stock Company and Ju Teng Group signed an agreement in principle for land lease. Photo: Pham Bang

Chairman of the Provincial People's Committee Nguyen Duc Trung presented the Investment Registration Certificate to a representative of Ju Teng Group. Photo: Pham Bang