Granting the Investment Registration Certificate for Tan Viet Metal Science and Technology Plant project
On the afternoon of November 9, the Provincial People's Committee granted the Investment Registration Certificate for Tan Viet Metal Science and Technology Plant project.
Attending the ceremony, on the side of investors, there were Mr. Shao Xing - Chairman of the Board of members of Yongjin Metal Technology (Vietnam) Company Limited, Director of Tan Viet Metal Science and Technology Plant; Ms. Tran Thi Kim Dung – Member of the Board of Yongjin Metal Technology (Vietnam) Company Limited; Mr. Zhou Hong Qun – Deputy General Director of Yongjin Metal Technology (Vietnam) Company Limited.
On the side of Nghe An province, there was Mr. Bui Thanh An - Member of the Standing Committee of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee (PPC); leaders of departments, committees and branches.
Overview of the investment certificate granting ceremony
Tan Viet Metal Science and Technology Plant Project is invested by Yongjin Metal Technology (Vietnam) Company Limited in WHA Industrial Zone Nghe An with an area of about 12.6 hectares. This is a project specializing in manufacturing high-quality, precision cold-rolled steel with a total investment of 125 million USD, employing about 300 high-quality workers.
Design capacity of the plant: 01 production line of 300, 2B surface high quality stainless steel conveyor belt, with an output of 180,000 tons/year; 01 production line of 300, 400 BA surface high quality stainless steel conveyor belt, with an output of 80,000 tons/year.
Vice Chairman of the PPC Bui Thanh An grants the investment certificate
The project is implemented into three components. The first component of the project is expected to come into operation in the fourth quarter of 2023; The second and third Components will be completed in the third quarter of 2026.
This is the second project that Yongjin Metal Technology Company Limited invests in Vietnam. The first project is invested in Long Giang Industrial Park, Tien Giang province with an area of about 9.2 hectares, total investment capital of 132.5 million USD. The project has been put into operation in March 2022.
With the event of granting the Investment Certificate for the Tan Viet Metal Science and Technology Plant Project, the total FDI invested in Nghe An province since the beginning of the year has increased to 935 million USD, accumulated up to now is 2,536 billion USD. That confirms the determination and efforts of the province in promoting and attracting investment. The province has constantly innovated and reformed strongly, with focus and substance to attract large projects, create spillovers, attract many other supporting satellite projects, forming a positive investment and business environment, cooperating for mutual development with strategic partners.
Mr. Bui Thanh An, Vice Chairman of the PPC speaks at the ceremony
Addressing at the Investment Certificate granting ceremony, Mr. Bui Thanh An, Vice Chairman of the PPC sincerely thanked the Investor for trusting and deciding to invest in the project in the locality. “We believe that, when the project comes into operation, it will be one of the projects with high export turnover in the province. This contributes to stabilizing the macro-economy, creates jobs, improves living standards and incomes for local people and creates a premise for export development under the sustainable and reasonable growth model of Nghe An province and the region.” – the Vice Chairman of the PPC emphasized.
This is identified as one of the important projects in attracting investment of the province. Nghe An PPC is committed to continue accompanying and creating all the most favorable conditions in terms of policies, investment environment, business for investors. The Vice Chairman of the PPC asked relevant departments, divisions and branches, localities and functional units to actively coordinate, support and promptly solve difficulties, problems, recommendations and proposals of the Investors during the operation of the project in Nghe An province.
The Vice Chairman assigned the Management Board of the Southeast Economic Zone to regularly monitor and closely manage the construction and operation process of the project in accordance with the Proposal records and the Investment Registration Certificate. It is necessary to assume the prime responsibility and coordinate with relevant agencies and localities to support investors to fulfill the conditions for the project to come into operation effectively.
It is recommended that WHA Industrial Zone Nghe An Joint Stock Company ensure that the technical infrastructure for environmental protection is suitable for the Project, minimizes bad impacts on the surrounding environment and must be built and completed before the Project put into production.
Mr. Bui Thanh An, Vice Chairman of the PPC also suggested that investors actively propose and closely coordinate with the Management Board of the Southeast Economic Zone, the infrastructure investor of WHA Industrial Zone Nghe An and related sectors to implement the project in accordance with regulations. Using new, modern equipment with advanced technology, ensuring environmental safety. Build and operate the Plant in accordance with the objectives stated in the granted Investment Registration Certificate, strictly complying with regulations on environmental protection. Wishing Yongjin Metal Technology (Vietnam) Company Limited to deploy the project in Nghe An province successfully and achieve the highest efficiency.
Mr. Shao Xing - Chairman of the Board of members of Yongjin Metal Technology (Vietnam) Company Limited, Director of Tan Viet Metal Science and Technology Plant, says that the technology of the project is the most advanced technology in the world, meeting green project standards
On October 29, 2022, the Standing Committee of Nghe An Provincial Party Committee agreed on the investment policy of two projects: Luxshare - ICT Project (Nghe An) 2 with a total investment of 150 million USD; Tan Viet Metal Science and Technology Plant Project with a total investment of 125 million USD.