Vietnam's central province of Quang Nam granted in-principle approval, investment registration certificates and investment location research agreements on Saturday to investors of 16 projects worth more than VND20 trillion ($846.6 million).
At a conference held to announce the provincial Master Plan for 2021-2030 with vision until 2050, the provincial People's Committee granted seven investment registration certificates to Truong Hai Group (Thaco).
The group will build a VND400 billion ($16.93 million) refrigeration electrical engineering factory; a VND450 billion passenger car electrical wire factory; a VND390 billion high-end auto glass factory; a VND800 billion automobile frame components factory; a VND540 billion ($22.86 million) passenger car interior factory; a VND1 trillion ($42.33 million) passenger car seat factory; and the Thaco Industries R&D Center with an investment capital of more than VND300 billion.
Quang Nam granted in-principle approval for a VND1.56 trillion ($66 million) project to expand and upgrade Chu Lai wharf in the Tam Hiep port area. This project is invested by Truong Hai International Logistics Limited Liability Company (THILOGI).
Investment registration certificates were also given to a VND500 billion ($21.16 million) cleaning equipment factory project invested by Germany’s Kärcher Beteiligungs-GmbH; a VND820 billion ($34.7 million) super white float glass factory by China’s Uc Thinh Vietnam Technical Development Co., Ltd; and a VND1.92 trillion ($81.3 million) magnetic magnet project invested by South Korea’s Star Group Ind. Co., Ltd.
A VND960 billion ($40.63 million) project to produce audio equipment by Guoguang Electric Co., Ltd (China); a VND24 billion ($1 million) Quang Nam solid plastic and metal products factory by PMG Solid – an American company; and a VND19 billion Arena Technologies video game chair and car seat manufacturing project by China’s Yangzhou Soleseat Smart Seat Co., Ltd also received investment certificates.
Investment location research agreements were given to the VND6.85 trillion ($290 million) Nam Thang Binh Industrial Park project by Bin Corporation; and a similar project for the Western Industrial Park in Thang Binh district with a total investment capital of VND3.5 trillion ($148.15 million) by WHA Industrial Development PLC (Thailand).