Investment News


PROCESSING AND MANUFACTURING INDUSTRY BECOME A DRIVE LEADING GROWTH QUANG NINH PROVINCE

07/03/2021

 

       

Right after the 15th Provincial Party Committee Congress, the first resolution (Resolution 01-NQ/TU) was issued on the rapid and sustainable development of the processing and manufacturing industry. Quang Ninh is determined to be the driving force behind the growth of the entire industry in the coming period.

 

Comrade Nguyen Xuan Ky, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council, visited the production line of Foxconn Group.

 

While the Covid-19 epidemic is still protracted and complicated developments slow down the global economy, disrupting supply chains in production, Quang Ninh is still considered a safe destination of a strong shift from businesses to businesses. Karma. Not only the world's leading enterprises and brands, such as Foxconn, Hyundai, Amata... with investment capital up to billions of USD, but also form a closed supply chain in the field of processing and manufacturing. This is considered an attractive economic growth engine in the context of the strong development of the 4th industrial revolution, when Vietnam officially joins the CPTPP, EVFTA and Regional Comprehensive Partnership Agreements. (RCEF).

Typically, Foxconn, ranked 24th in the group of 500 largest global corporations, is a major supplier and manufacturer of components for Apple, Motorola, Nokia and HP technology groups, has invested in East Industrial Park. Mai (Quang Yen town). In 2021, Foxconn's factory in Dong Mai Industrial Park is expected to produce about 1 million liquid crystal displays and televisions with an export value of about $250 million. Foxconn is preparing to expand the project and attract investors to form a production link in Dong Mai Industrial Park, becoming a leading enterprise in terms of export value in Quang Ninh province.