Illustrative image (Source: VNA) Bac Giang (VNA) – Samsung Electronics Vietnam hasfunded the construction of standard toilets completed with water purification systemsfor 26 elementary and secondary schools in the northern province of Bac Giang,benefiting more than 13,100 students. The facilities were handed over to the beneficiary schoolsin a ceremony at Le Hong Phong primary school in Bac Giang city on February 7. The project was implemented from October 2017 in 8 local districtsat a total cost of over 6 billion VND (264,600 USD). Speaking at the ceremony, General Director of SamsungElectronics Vietnam Shin Won-hwan said the project aims to create a clean andsafe environment for students, ensuring the best conditions for them to grow. Vice Chairman of the provincial People’s Committee Lai ThanhSon said the project helps raise awareness of students, parents and teachersabout good hygienic habits. He wished that the Republic of Korea Embassy in Vietnam, theSamsung Electronics Vietnam and the non-governmental organisation Korea Foodfor the Hungry International (KFHI) would continue supporting and investing inthe province in the future.-VNA
Japanese electronics manufacturer Sanyo will break ground for an electronic component factory at the Quang Chau Industrial Zone in northern Bac Giang province on September 5. The Sanyo-HQ Vietnam Electronic Component Co. Ltd said the 60,000sq.m factory will be built at an initial cost of 95 million USD and is scheduled for completion in 2010. It is expected to generate 12,000 jobs and bring in more than 300 million USD per year from exports after three years of operation. This will be Sanyo’s third factory in Vietnam, following its first to manufacture home electric appliances in the northern region and…... [read more]
Japanese manufacturer Sanyo will pour 40 million USD into an electronic optical transmission components plant in Vietnam 's northern Bac Giang province. Sanyo on May 9 signed an agreement with the Saigon-Bac Giang Industrial Zone Company of Vietnam to build the plant at the company's Quang Chau Industrial Zone. The plant construction will begin in June and it is expected to turn out products by early 2009. The Saigon-Bac Giang Industrial Zone Company is a subsidiary of the Saigon Investment Group which has so far invested in more than 20 industrial zones and 10 apartment buildings and resorts at a…... [read more]
HA NOI (Biz Hub) — Samsung Display Company, Ltd will construct a US$1-billion plant in the Yen Phong Industrial Zone in the northern province of Bac Ninh.Nguyen Tien Nhuong, deputy chairman of the province's People's Committee, confirmed the report published in the Tuoi Tre (Youth) newspaper. The firm, a member company of the South Korean electronics giant Samsung Group, will manufacture screens for mobile phones and computers, he said.The People's Committee issued an official document on preferential mechanisms to allow Samsung Display to invest in the province. The firm will pay only 10 per cent of its income tax in…... [read more]
HCM City, June 6 (VNA)- The Republic of Korea's Samsung Group will invest over 1 billion USD in the construction of an electronics production factory in Ho Chi Minh City' Saigon Hi-tech Park. Vice Chairman of the municipal People's Committee Le Manh Ha said that this is a positive signal following recent disturbances in several localities, which took place during demonstrations against China's act of illegally stationing its oil rig in Vietnam's waters. Samsung's decision shows that investors still retain their confidence in the city's efforts to promote administrative reform and offer preferential policies to foreign businesses, he added. Entering…... [read more]
According to the Bac Ninh provincial Department of Planning and Investment, the added capital will be invested in another plant with special incentives. Samsung will continue to pay a preferential tax of 10 percent for 30 years, with corporate income tax exemptions for the first four years and tax reductions for the next five years. The normal corporate income tax in Vietnam is 25 percent. Head of the provincial Department of Planning and Investment Nguyen Quoc Chung said the preferential tax was approved by the Government and related ministries and agencies. The province has not offered additional incentives to the…... [read more]
