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Taiwanese firm to build touch screens in Bac Giang
Taiwan's Wintex Group plans to lease more than 10ha of land and warehouse space in northern Bac Giang Province's Quang Chau Industrial Zone for the manufacture of touch screens.
The company inked an agreement with the zone's investor Sai Gon – Bac Giang Industrial Park Company, an affiliate of Kinh Bac Urban Development Company (HOSE: KBC), in Ha Noi on Dec. 12.
The project, which has an initial investment of US$150 million, is expected to begin operation in the middle of next year and create 30,000 jobs.
A stable political environment and favourable geographic location (Close to China), as well as support from local authorities and the local young population were decisive factors, said Hyley H Huang, Wintex's Chairman.
He predicted that the northern region would attract further substantial foreign investment in the near future.
Taiwanese foreign direct investment in Viet Nam now totals US$22.83 billion, said the Ministry of Planning and Investment's Foreign Investment Agency.
Major Taiwanese conglomerates, including the Hon Hai Group and Compal Electronics Company, now have a solid presence in the country.
Viet Nam was a favourable investment destination because of its rich natural resources and stable political and economic environment, said Huang Teh-hsiu, president of the Taiwanese Chamber of Commerce in Ha Noi.
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