Taiwan-invested Inventec Technology Vietnam was granted an investment registration certificate Wednesday for a $125 million project in Hanoi.
Inventec will produce and export smartphones, servers, computer accessories, electronic circuit boards, traffic cameras, wireless headphones, wireless speakers, audio systems and other products.
The 16.1-hectare factory at the Nam Hanoi Industrial Park (phase 1) will have an annual output of 32 million products, equivalent to 20,352 tons. It is scheduled to begin operations 36 months after getting the certificate.
Local media reports on the certificate granting ceremony cited an unnamed representative of the firm as lauding Hanoi’s investment environment, industrial and traffic infrastructure, and the quick processing of administrative procedures.
Le Quang Long, head of the Hanoi Industrial and Export Processing Zones Management Authority (HIZA), urged Inventec and local authorities to quickly process further procedures including certificates related to construction, fire safety, environment, land delivery, and others.
The nine industrial parks operational in Hanoi, covering a total of 1,670 hectares, have so far attracted 709 investments, including 302 FDI projects with a total registered capital of $6.4 billion, according to the HIZA data.
The capital city is building three more facilities: the 160-hectare Quang Minh II; 200.6-hectare Hanoi high-tech biotechnology park; and the 302.8-hectare Soc Son clean industrial park.
The HIZA has announced a 2023 target of attracting $400 million in FDI.