China's Sunny Group has received an investment certificate to develop a $150-million factory in the central province of Nghe An.
The new Sunny Automotive Optech Vina project will be developed over 43 hectares in WHA Industrial Zone 1 in Nghe An. The factory will specialise in producing cameras for both mobile phones and vehicles, as well as other electronic devices.
The factory is slated to go into operation in the fourth quarter of 2025, and once completed, is expected to generate jobs for 20,000 people.
Sunny Group has been researching and exploring the investment site in Nghe An since July 2023. After two months, the Chinese group decided to make an investment in the locality.
In March 2023, Sunny shared its plan to invest up to $2.5 billion in the northern province of Thai Nguyen, which is expected to generate $5 billion in annual revenue and create jobs for 15,000 local people.
Excluding the latest investment in Nghe An, Sunny Group has already invested $130 million in four projects in Vietnam, namely Sunny Opotech, Sunny Automotive, Sunny Infrared, and Sunny Opotec.
These projects produce infrared lenses for cars, mobile phone camera modules, and surveillance cameras in industrial parks in Thai Nguyen, Vinh Phuc, and Hanoi.
Sunny Group was established in 1984 and produces integrated optical components for phones, computers, robots, medical equipment, and industrial machinery.
As of present, Nghe An has lured nearly $1.3 billion in foreign direct investment capital, rising to the eighth position nationwide in this regard, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
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