China's Sunny Optical Technology plans US$2.5 billion investment in Vietnam

HANOI: China's Sunny Optical Technology Group is planning to invest up to US$2.5 billion to develop an optical production complex in northern Vietnam, the local government said on Wednesday.

The complex would cover an area of between 26 and 40 hectares in Yen Binh Industrial Park in Thai Nguyen province, the provincial People's Committee said in a statement, following the signing of a memorandum of understanding between the lens maker and the province. Construction of the facility would take five years upon the granting of an investment licence by the local authorities, the committee said, adding it would supply electronics and automobile industries.

Thai Nguyen province, 45 kilometres north of Hanoi, is currently home to Samsung Electronics' largest Vietnam-based smartphone factory.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's Sunny Optical Technology plans $2.5 billion investment in VietnamHANOI : China's Sunny Optical Technology Group is planning to invest up to $2.5 billion to develop an optical production complex in northern Vietnam, the local government said on Wednesday.The complex would cover an area of between 26 and 40 hectares in Yen Binh Industrial Park in Thai Nguyen province, th
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Robots, apps, and cloud technology: How digital skills are preparing frontliners for the future of workAfter attending an NTUC LearningHub course on the digital workplace, Mr Desmond Soh Chiang Bak is inspired to learn more about digitalisation, and contribute to the company’s ongoing digital drive. Read more at straitstimes.com. PETER LIM BASURA
Source: straits_times - 🏆 5. / 69 Read more »