Ipad screen maker looks at Bac Giang

December 21, 2010 | 09:06

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Taiwan’s Wintek Corporation is looking for an investment certificate to develop its $150 million plant in northern Bac Giang province to make touch screens for Apple’s Ipads and Iphones.

According to an officer at Bac Giang’s Industrial Zones Management Authority, Wintek is working with Vietnam’s Ministry of Science and Technology to draw up a proposal to enjoy incentives for foreign firms investing in high-tech fields.

“The investor wants incentives for a hi-tech project like other peers and it has not yet submitted an investment certificate application to the authority,” the officer said.

Wintek’s plant, the first of its kind in Vietnam, is expected to be up and running in 2011.

The firm, a high-tech developer and is one of the only two manufacturers in the world to make touch screens for Ipads, last week signed a land leasing contract with Saigon Bac Giang Industrial Zone Joint Stock Company to lease 60 hectares for its plant in Quang Chau Industrial Zone.

Compal Electronics’ $500 million laptop project in northern Vinh Phuc province enjoyed rich incentives for its hi-tech project such as 10 per cent of corporate income tax (CIT) for the project’s lifespan in Vietnam while the current CIT for Vietnam-based enterprises is 28 per cent. Additionally, Compal enjoys 10 years’ CIT exemption.

Together with Compal’s project, Foxconn, the world’s largest electronic outsourcing manufacturer, has asked Vinh Phuc People’s Committee to extend the construction deadline for its $200 million mobile phone factory in the province till the end of 2011’s second quarter, according to the provincial Industrial Zones Management Authority.

Vir

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