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Solum Vina starts up plant in Vietnam 

Dec 27. 2016
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By VIET NAM NEWS
ASIA NEWS NETWORK
VINH PHUC

1,690 Viewed

 SOUTH KOREA’S Solum Vina Company on Monday inaugurated its factory at the Ba Thien II Industrial Park in northern Vinh Phuc province’s Binh Xuyen district in Vietnam. 

The wholly foreign invested company began construction in April. 

Covering an area of 40,000 square metres, the US$20 million (Bt720 billion) project produces and outsources electronic spare parts for TVs, computer screens and mobile phones, and electronic parts for large companies, such as Samsung, Appo, Panasonic and Sony. 

The factory has total capacity of 10 million products per month.

In August, the company completed the factory’s construction and it became operational. It has created jobs for some 1,500 people. 

Solum Vina is expected to reach turnover of $300 million, contributing $1.5 million to the state budget next year.

Vinh Phuc’s IPs management board said the province attracted 159 FDI projects from 13 countries and territories with total registered capital of $2.9 billion this year.

South Korea took the lead among |foreign investors in the province, with 70 projects and $974.9 million worth of investment. 

The inflow from South Korean firms into Vinh Phuc’s industrial parks has significantly contributed to the province’s socioeconomic development over the past few years.

Last week, Fuhua Co of Taiwan also commenced construction of 17 workshops for rent in the Binh Xuyen 2 Industrial Park. 

 

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