Hanwha Techwin Company (Korea) wants to invest in Bac Ninh

Working with Chairman of Bac Ninh Provincial People’s Committee Nguyen Tu Quynh, Mr. Yang Jin Seol said that Hanwha Techwin Company (part of Hanwha Group), specializes in manufacturing security equipment with 27 networks globally. The Company’s revenue in 2015 reached nearly 600 million USD.
Through surveying and researching, the Company plans to invest in building a factory in Que Vo Industrial Park (IP) with a total investment of 50 million USD, of which, phase I (2017 – 2019) is 30 million USD. When the factory comes into operation, it will create jobs for about 1,500 – 2,000 workers, with a capacity of 2 million products/year.

                        Que Vo Industrial Park, where Hanwha Techwin Company is exploring to invest

Mr. Yang Jin Seol hopes that the provincial leaders will pay attention to and create favorable conditions, especially preferential policies for enterprises producing high-tech products, so that the Company will soon implement the construction of the factory in the first quarter of 2017.

Chairman of the Provincial People’s Committee Nguyen Tu Quynh welcomed Hanwha Techwin Company for trusting and choosing Bac Ninh as a location for stable and long-term production and business investment and assigned the Provincial Industrial Park Management Board to coordinate with Kinh Bac Urban Development Corporation – the infrastructure investor of Que Vo Industrial Park and other departments, functional sectors to complete legal procedures, create all favorable conditions for the project of Hanwha Techwin Company to be implemented soon.
Bac Ninh is one of the leading provinces in the country in attracting FDI with nearly 1,000 projects with a total registered capital of more than 12.26 billion USD. Korea alone has more than 400 projects, accounting for about 50% of the total FDI in the province, of which, there are many large companies such as: Samsung Electronics Group, Orion Instant Food Manufacturing Group, Daewoo, Flexcom, Intops, Nano Tech…