Chairman of the People’s Committee of Bac Giang province Le Anh Duong granted the investment certificate to Singapore’s Ingrasys Pte.Ltd, the investor of the Fulian precision technology factory project.
This project will be implemented in Quang Chau Industrial Park over an area of 49.6ha. The main objective of the project is to manufacture electronic components, computers and communication equipment.
In addition, a Memorandum of Understanding between Chinese investor Hainan Longi Green Energy Technology Company Limited and the Management Board of Bac Giang Provincial Industrial Parks was granted to the Chinese investor.
Accordingly, the Chinese investor will implement a project to produce solar panels with a capacity of 3,500 Mw per year.
Both projects will be conducted from the first quarter of 2023, with a total registered capital of about 761 million USD.
Addressing the ceremony, the Chairman of the People’s Committee of Bac Giang province Le Anh Duong emphasised, that the province will create the most favourable conditions for foreign investors, who have made great contributions to the socio-economic development of Bac Giang province.
Bac Giang currently has more than 480 FDI projects, with total investment capital of over 8.2 billion USD. The province posted an all-time high economic growth rate of 19.3% in 2022.