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$25 million electronics plant opens in Vinh Phuc

Released at: 11:50, 19/10/2015

$25 million electronics plant opens in Vinh Phuc

South Korean plant to produce lenses and VMCs for mobile phones.

by Hoai An

The Sekonix Vina Co. has opened an electronics component factory at the Ba Thien 2 Industrial Zone in northern Vinh Phuc province.

Located on an area of 3.5ha, construction of the $25 million factory began in December 2014. It is expected to produce 36 million lenses and 12 million voice coil monitors (VCMs) per year for the production and assembly of mobile phones. The company has already engaged some 700 employers and revenue is targeted at $22.1 million this year.

Speaking at the opening ceremony, Deputy Chairman of the Vinh Phuc Provincial People’s Committee Nguyen Van Chuc spoke highly of the efforts of the company to quickly complete construction and put the factory into operation. He asked that related departments and authorities create the conditions necessary for the company to conduct business effectively.

Sekonix Vina Co. is a 100 per cent South Korean-owned enterprise specializing in lenses and VCMs for mobile phone production and assembly. The Vinh Phuc Industrial Zone Management Board granted the project an investment license in October 2014.

As at September 2015, after stepping up investment promotion activities and reforming its administrative procedures, Vinh Phuc province had attracted 199 foreign direct investment (FDI) projects, of which South Korea led the way in project numbers with 86 and total registered capital of $834.5 million.

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