On the afternoon of August 01, the Provincial People's Committee (PPC) held a ceremony to award the Investment Registration Certificate for the project of Innovation Precision Viet Nam Co., Ltd. Attending the ceremony were Mr. Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the PPC.

On the investor side, there was Mr. Cui Guo Chang - Special Assistant to the Chairman of Shandong Innovation Metal Technology Group; General director of Innovation Precision Shandong (China); General Director of Innovation Precision (Viet Nam) Co., Ltd. Attending the ceremony of awarding the Investment Certificate were representatives of the Departments, committees and branches; leaders of VSIP Nghe An.

Overview of the investment certificate awarding ceremony

The project of Innovation Precision Vietnam Co., Ltd., invested by Greenwich Management Limited, an investor of Shandong Innovation Group (China), has a total investment of 165 million USD, employs about 1,500 high-quality workers.

Products and services provided by the project include: Producing aluminum alloys for the 3C consumer electronics manufacturing industry; manufacturing preliminarily cast products and cast products from aluminum alloys for auxiliary industries of electronic product manufacturing; forging, stamping, pressing and rolling metal; manufacturing advanced machined aluminum components supporting the electronic product manufacturing industry.

The project has a design capacity of 100,000 tons/year; the usable ground area is about 11.78 ha. Project implementation location: VSIP Nghe An, Hung Tay Commune, Hung Nguyen District. The project is expected to be completed and put into use in October 2024.

The PPC Chairman Nguyen Duc Trung speaks at the ceremony

Speaking at the ceremony, the PPC Chairman Nguyen Duc Trung expressed his pleasure to be awarded the Investment Registration Certificate for the project of Innovation Precision Vietnam Co., Ltd.

According to the PPC Chairman, the project of Innovation Precision Vietnam Company has two most. Firstly, with the land area used for the project is only nearly 12 hectares and the total investment is 165 billion USD, and the expected number of workers is 1,500 workers, this is a project with a high rate of investment on invested land, the highest among FDI projects currently being invested in Nghe An. Secondly, this is an FDI project with the fastest time to complete procedures, since the Group started surveying in Nghe An with about 2 months. It has just been one week since the Group submitted the project investment proposal.

The PPC Chairman emphasized that, in order to achieve the most above, besides the leadership and direction of the provincial leaders, there are also a very important contribution of agencies, departments, branches and localities that have made great efforts to carry out the procedures to help the project qualify for the Investment Certificate. This is also the guiding spirit of Nghe An province in renewing the investment environment, creating the most favorable conditions for investors when coming to Nghe An; demonstrating the promotion of investment environment reform, accompanying investors from the moment they entered Nghe An to survey to implement procedures and put the project into operation. This helps to attract investment of Nghe An in recent times with positive results. So far this year, Nghe An has attracted over 890 million USD, ranking in the top 8 localities attracting the highest FDI in the country.

In particular, Nghe An is the first province that Shandong Innovation Group chooses to expand investment into the Vietnamese market. Leaders of Nghe An province fully believed that when the project comes into operation together with foreign investment projects currently being implemented in Nghe An with an ecosystem of electronic manufacturers, green energy producers, this will be a very efficient ecosystem and complete the supply chain for electronic manufacturing, green energy product production, forming an electronic industry ecosystem, green industry, contributing to the development of Nghe An province.

The project profile shows that the project will use advanced and very modern technology, Nghe An province believes that the project will contribute to the technological transformation of investors when investing in the province. The project will contribute to improving industrial production capacity, creating jobs and increasing incomes for workers in the province.

The PPC Chairman Nguyen Duc Trung awards the Investment Certificate and presents flowers to congratulate the investor

Along with other FDI projects in VSIP Nghe An Industrial Park and Service Urban Area, the project of Shandong Innovation Group is one of the key projects, the head of Nghe An provincial government said that the province is committed to accompanying investors in the implementation process, so that the project can achieve the highest efficiency.

The PPC Chairman asked the departments, branches and Hung Nguyen district to create everything to support the project implementation. Assigning the Southeast Economic Zone Management Board to be the focal agency to preside over, and coordinate with the Departments, branches and Hung Nguyen district to support investors in accordance with the project's objectives and soon put the project into operation.

At the same time, it is proposed that VSIP Nghe An Co., Ltd. support investors with contents related to industrial park infrastructure to help investors deploy projects smoothly and effectively.

The PPC Chairman also suggested that the Investor actively propose and closely coordinate with the Southeast Economic Zone Management Board, the infrastructure investor of VSIP Nghe An and related branches to implement the project in accordance with the provisions of law. Using new, modern equipment with advanced technology, ensuring environmental safety. Building and operating the factory in accordance with the objectives stated in the granted Investment Registration Certificate, strictly complying with regulations on environmental protection.

Mr. Cui Guo Chang - General Director of Innovation Precision (Viet Nam) Co., Ltd. speaks

At the investment certificate awarding ceremony, Mr. Cui Guo Chang - General Director of Innovation Precision Co., Ltd. (Viet Nam) thanked Nghe An province for organizing the solemn investment certificate awarding ceremony.

The investor said that through investment research, he has felt the profound potential of human resources, infrastructure conditions, especially the support and help of the provincial government and related departments and agencies, infrastructure investors have made investors trust to invest in Nghe An province.

The project in Nghe An is the Group's first project outside of China, so the investor is committed to choosing the best and most modern technologies to implement the project. The Group hopes to receive the companionship of Nghe An province to soon put the project into operation. In addition, the project investor will call on suppliers to invest in Nghe An.

PT