Korean Electronic Plant in Hai Phong to be started in 2016

The northern province of Hai Phong has just granted certificate to Haengsung Electronics Vietnam with 100 percent foreign capital from the Republic of Korea (RoK) to build the electronic spare parts plant in Hai Phong.

Accordingly, the US$ 100million plant will produce electronic spare parts for mobile phone, telephone, home appliances with its capacity of 4.77million electronic boards; 6.864 million electronic circuit boards…  per year.

It is estimated to set up its production chain in April 2016 and put into operation from January 2017.

T.Tuyet –Translated by M.Quyen

Other news

Banking-finance

VAMC buys nearly VND21 trillion deep debts

Vietnam Asset Management Company (VAMC) purchased VND20,995 billion (US$924 million) of deep debts from credit institutions during the first nine months this year with the price of VND20,619 billion.

Self - introduction

Stock market

180m shares start trading on UPCoM this week

Nearly 180 million shares of four companies will start trading on the Unlisted Public Company Market (UPCoM) on the Hà Nội Stock Exchange on October 16-20.