On November 20, the Management Board of Industrial Parks of Binh Thuan province announced that it had granted the Investment Registration Certificate to the Neotek Vietnam Industrial Factory project in Ham Kiem II - Bita's Industrial Park and the project of the Factory producing flooring and natural wood furniture products in Tan Duc Industrial Park.
The Neotek Vietnam Industrial Factory Project is invested by NeoSCM Limited Company and is deployed on an area of 13.24 hectares. The total registered investment capital of the project is over 2,200 billion VND. This is a project to produce brake discs for all types of motor vehicles with a capacity of 120,000 tons of products/year. The project will be deployed in the fourth quarter of 2024 and completed and put into production and business in 2027.
The project of the factory producing wooden flooring and interior products is invested by Aurawood Binh Thuan Company Limited and is implemented on an area of 1.5 hectares. The total registered investment capital of the project is over 100 billion VND. This factory has a capacity of 50,000 m2 of wooden flooring and 6,000 m3 of various types of wood/year. The project will be implemented from the fourth quarter of 2024 and completed and put into production and business in 2026.
Mr. Phung Huu Cu - Head of the Provincial Industrial Zones Management Board awarded the Investment Registration Certificate to the above two projects. According to Mr. Cu, these are projects with quite large scale and capacity and invest in areas that Binh Thuan province is encouraging investment in order to exploit the province's potential and strengths in terms of land, natural resources and human resources.
Therefore, it is hoped that in the near future, the two companies will soon invest in construction and put the projects into operation, bringing high economic efficiency. At the same time, it is recommended that the two above enterprises continue to research and expand investment in a number of other fields. Thereby, creating a production and export chain that creates more added value for the enterprise and creates jobs for workers and laborers, contributing to promoting the economic development of the locality and the province.
Departments, branches, sectors, and investors in industrial park infrastructure will coordinate with the Provincial Industrial Park Management Board to create the most favorable conditions for businesses to carry out investment preparation procedures and soon put the project into operation.
