Nghe An: Attracting a $115 million FDI project for manufacturing smart car components
The Standing Committee of the Provincial Party Committee of Nghe An has just approved the investment orientation for the Everwin Precision Technology Factory project with a total investment amount of 115 million USD.
The Everwin Precision Technology Factory project is invested by Everwin Precision Technology Co., Ltd (Vietnam) in VSIP Nghe An Industrial Park, located in Hung Tay commune, Hung Nguyen district, Nghe An province, on an area of nearly 16.5 hectares, with a total investment capital of 115 million USD (equivalent to 2,806 billion VND), entirely from the investor’s contributed capital.
A part of VSIP Nghe An Industrial Park
According to the Department of Planning and Investment of Nghe An province, the Everwin Precision Technology Factory will have a designed capacity of 40 million products per year, including casings, components, molds, and metal parts applied to smart vehicles and new energy vehicles. Specifically, it will produce 20 million products per year for metal parts of new energy vehicles, 50 million products per year of wires, electrical cables, conductive bars and wires, and antennas, and 30 million products per year of parts made from plastic, rubber, ceramics applied to smart vehicles and new energy vehicles. Additionally, it will produce 10 million electronic products per year for civil use, lighting equipment, and other machinery and tools. Moreover, the project will provide consulting services, pre-built factory leasing, and commercial activities.
The project will be implemented in three phases: Phase 1 is expected to officially operate in January 2027, Phase 2 in April 2028, and Phase 3 in April 2030.
Before this, Everwin Precision Technology Co., Ltd (Vietnam), a subsidiary of a Hong Kong-based group, had invested 200 million USD in the VSIP Nghe An Industrial Park to build a factory producing electronic components, communication equipment, and civil electronic products on a total area of 43 hectares. This project commenced in October 2022 and will commence production soon.
With an additional investment of 115 million USD, from the beginning of 2023 until now, Nghe An has attracted over 1.41 billion USD in FDI. It is estimated that Nghe An province will attract around 1.5 billion USD in FDI this year.
According to the report from the Department of Planning and Investment of Nghe An province, as of November 20, 2023, the total newly granted and additionally increased investment capital exceeded 46 trillion VND, 1.38 times the set target. In 2023, Nghe An province continues to be among the top 10 localities attracting the largest FDI investment in the country.
Source: congthuong.vn
