Construction of a 7,000 Billion VND Electronics Project, Creating 4,000 Jobs and Revenue of More Than 1 Billion USD Annually
The groundbreaking ceremony for BOE Vietnam Smart Terminal Equipment Project Phase II recently took place in My Phuoc 3 Industrial Zone, Phu My Townlet.
The project is invested by Beijing BOE Optoelectronics Technology Co., Ltd. (BOE Technology Group, China), with a total capital of over 275 million USD (nearly 7,000 billion VND).
Upon completion, the project will assemble and manufacture high-resolution TVs, computer monitors, electronic components, and plastic components with a capacity of over 134.7 million products, estimated revenue of 1 billion USD/year, and create jobs for over 4,000 workers.
A representative of BOE Group said that since its establishment in 1993, the company has established marketing bases in many major cities around the world, with business operations in the United States, Germany, Japan, Korea, Singapore, India, Vietnam, and many other countries and regions.
BOE Group has also launched the “Internet of Things for Displays” development strategy, enabling displays to integrate more functions and create more forms, with the goal of leading the way in the innovation of the semiconductor display industry through the new-context application innovation model; bringing the global display industry market into an even larger growth space.
Speaking at the ground-breaking ceremony, the Chairman of the Provincial People’s Committee said that BOE Group’s project is in line with the province’s investment attraction policy. “From the time of informing the provincial leaders, deciding on the investment, submitting the dossier, and starting the project took place in a very short period of time, proving the enterprise’s trust in the investment environment of Ba Ria – Vung Tau.
Together with that is the maximum support of the province, demonstrating efforts in administrative reform, improving the investment environment, creating a transparent, friendly, and equal business environment for investors”, emphasized the Chairman of the Provincial People’s Committee.
The market closed with notable losses, as the VN-Index dipped by 11.94 points (-0.94%) to close at 1,263.26, while the HNX-Index fell by 1.52 points (-0.66%), settling at 227.97. The market breadth was overwhelmingly bearish, with 489 declining stocks outweighing 270 advancing stocks. Within the large-cap VN30 basket, bears held the edge, as evidenced by 16 tickers in the red versus 9 in the green, while 5 remained unchanged.
CaraWorld Cam Ranh offers a plethora of unique experiences for visitors, with an exciting new addition set to open its doors in December. Perched at a towering height of 60 meters above sea level, alongside the stunning Dai Beach, is the breathtaking Cafe 360. This one-of-a-kind cafe promises to offer an unparalleled dining experience with breathtaking views and an atmosphere unlike any other. Cafe 360 is destined to become a must-visit destination for anyone exploring the vibrant CaraWorld.
