Granting Investment Registration Certificate for New Flex Technology Vina Plant at Ba Thien Industrial Park II, Vinh Phuc Province
On October 6th, 2015, Vinh Phuc Industrial Zones Management Board granted investment registration certificate (IRC) for New Flex Technology Co., Ltd. (Investor) to implement the project of New Flex Technology Vina Plant. Purpose of the project: producing and processing of electronic circuit board (PCB) and parts of electronic board; registered investment capital of US$ 5,000,000; used land area of 12,015 m2; location at Ba Thien Industrial Park II, Binh Xuyen Dist., Vinh Phuc Province. It is granted within a day after submitting a valid dossier, 14 days earlier than regulations.
New Flex Technology Co., Ltd. is a Korean enterprise, established and operating under the business registration certificate no. 135011-0103601, issued by the Ansan Office, Suwon District Court on 12 June 2000, with major business lines of production and trading of electronic components. Upon surveying and exploring investment climate and opportunities, the Investor decided Vinh Phuc as the location of its project because of its natural and economic – social conditions, satisfied to the project.
As soon as the date of IRC issuance, the Investor shall do the procedures for establishing enterprise as a legal entity to operate the project in Vinh Phuc Province and to build the plant so that it is officially put into operation in the 6th month as from the date of IRC issuance. As operating, the project creates jobs for nearly 300 employees; with the capacity of 36 million products per year and expected revenue (in stable/normal conditions): US$ 6.6 million. All the products shall be exported and supplied to Samsung Group.
Up to now, Vinh Phuc New Flex Technology Vina Plant is the 138th FDI project located in industrial zones of Vinh Phuc Province, increasing the total of FDI investment capital in the industrial zones to US$ 2607.7 million and the 58th Korean project in the industrial zones, increasing the total capital of Korean investment to 752.5 million dollars. The project significantly contributes to the total of FDI investment capital in the province, creating spillover effects to the local economy and society and completing the supporting industry network in Vietnam electronics sector.
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