Foxlink to invest US$135mil in Da Nang


Representatives of Foxlink Vietnam at a working session with Da Nang University. (Photo courtesy of Da Nang University)

DA NANG: The central city’s Da Nang High-tech Park has agreed a deal to build an electronics factory project worth US$135mil with Taiwan’s Foxlink International Co, promising a surge in high-tech industries at the green hub.

The Da Nang Hi-tech Park and Industrial Zones Authority (DHIZA) said the project, which will be built on 11.35ha, will be a magnet for global electronics and semiconductor investment moves in central Vietnam.

The project will create 2,000 jobs for Da Nang and neighbouring provinces when it starts production of touch pens, wireless earphones, charging stations, printed circuit boards and consumer-electronics products.

Earlier this year, Foxlink Da Nang recruited 20 employees from the city’s universities for training courses abroad in building manpower at the city-based factory.

In a working session between Da Nang University and James Lee, president at Foxlink, the company introduced its renewable energy systems, underwater chargers, cables, batteries, computers and electronics production.

DHIZA also said two more domestic investors have agreed to pour 350 billion dong into high-tech manufacturing projects in early October.

To date, High-Tech Park has 28 projects, of which 12 are foreign direct investment projects (worth US$702mil) and 16 domestic projects at a total investment of more than seven trillion dong. — Viet Nam News/ANN

   

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