Everwin Precision Technology Vietnam Co., Ltd. will invest $115 million in the Everwin Technology Factory covering 16.5 hectares in Nghe An province's VSIP industrial park.
The green light for the Everwin Technology Factory was turned by the provincial Party Committee's Standing Committee at a meeting on Thursday.
Everwin Technology Factory will be located in VSIP Nghe An Industrial Park in Hung Tay commune, Hung Nguyen district. When completed, the project will have a capacity of 40 million products per year such as shells, components, molds, and metal parts used for smart car equipment and new energy cars; 20 million products per year of wire, cable, and conductor products; power rods and wires; and 30 million products per year such as parts made of plastic, rubber, and ceramics.
Phase one of the project is expected to officially open in January 2027. Phase two will open in April 2028 and phase three will be completed in April 2030.
Previously, Everwin Precision Technology Vietnam Co., Ltd. invested $200 million to build an electronic components project over 43 hectares, which is set to go into operation soon, in the VSIP Nghe An Industrial Park.
Since the beginning of the year, Nghe An has attracted over $1.4 billion in FDI capital and is currently ranked 6th out of the 63 provinces and cities for FDI in Vietnam.