JiaWei Corporation invests $100 million in Nam Dinh

JiaWei Corporation and its subsidiary enterprises have chosen to invest approximately $100 million in the My Thuan Industrial Zone in Nam Dinh.

Pham Gia Tuc, secretary of the provincial Party Committee of Nam Dinh, had a working session with JiaWei Corporation from Taiwan.

During the meeting, Ngo Le Hoa, chairwoman of the Board of Directors of JiaWei Corporation, said that after thoroughly researching the investment environment in Nam Dinh, JiaWei and its subsidiary enterprises have decided to invest in the My Thuan Industrial Zone with an expected total capital of around $100 million across nearly 15 hectares.

The investment encompasses three projects: an 8.5-hectare high-tech household appliance manufacturing plant with an $80 million investment from JiaWei, a support printing plant with a $10 million investment from Thien Ha Company, and a paper box production plant with a $10 million investment from Tan Viet Hung Company.

The decision to invest in Nam Dinh demonstrates JiaWei's confidence in the local investment environment and aligns with the province's focus on sustainable development.

The Secretary of the Provincial Party Committee of Nam Dinh emphasises the importance of JiaWei Corporation's investment in producing high-quality, environmentally friendly household appliances. The investment not only enhances export capabilities, but also presents opportunities to cater to the domestic market.

Nam Dinh province aims to support JiaWei Corporation's investments by reviewing and adjusting sectors related to packaging and printing, thereby facilitating the Corporation's operations and optimising the supply chain. This approach showcases the province's commitment to fostering a favourable business ecosystem.

The partnership with JiaWei follows Quanta Corporation's investment in the My Thuan Industrial Zone, solidifying Nam Dinh's appeal as an investment destination.

The province's efficient procedures in issuing Investment Registration Certificates for Quanta Corporation's project highlight its dedication to providing a conducive investment climate and attracting top global companies.

Keppel Land invests $138 million in two residential projects with Khang Dien Keppel Corporation Ltd. (Keppel) and Keppel Vietnam Fund (KVF), jointly known as the Keppel Consortium, have entered into binding agreements to acquire a 49 per cent interest in two adjacent residential projects in Thu Duc City from the Khang Dien Group for an aggregate consideration of approximately $138 million.

$2 billion Nam Dinh 1 thermal power plant could resume this year The long-delayed Nam Dinh 1 thermal power plant could get back on track by the end of 2023 thanks to the investor's determination.