Sangshin Electronics "poured" 3.5 million USD to build an electronic component factory in Quang Tri

(VNF) - At a meeting with leaders of the People's Committee of Quang Tri province on April 8, General Director of Sangshin Electronics Group Kim Seung Cheon said that Quang Tri is the second location chosen by the group to expand investment in Vietnam. Male.
Sangshin Electronics Co., Ltd is a corporation from Korea, expected to invest 3.5 million USD in building the project of manufacturing electronic components Sangsin Central Vietnam in Dong Ai Tu industrial cluster, Trieu Phong district. , Quang Tri province on an area of ​​19,721m2.

According to the plan, the enterprise will recruit workers from August 2022, test operation in October 2022, and officially come into operation in January 2023.

Previously, the Sangsin Central Vietnam project was approved by the People's Committee of Quang Tri province and approved the investor for Sangshin Electronics Co., LTD (Korea) under Decision No. 3504QD-UBND dated 4/24 11/2021.

Perspective of Sangshin Central Vietnam project

The Sangsin Central Vietnam project will build a factory to manufacture electronic components, with the main products being noise filters, inductors and molded plastic components. The project has a total investment of 81.2 billion VND, equivalent to 3.5 million USD.

The project is implemented at Lot CN3, Dong Ai Tu industrial cluster, Trieu Phong district, Quang Tri province on an area of ​​19,721m2. Project design capacity: 4.8 million noise filters/year; 27 million inductors/year and 82 million molded plastic components/year for both phases. Phase 1 officially went into operation in January 2023 and phase 2 officially went into operation in January 2025.

The project has an operation period of 50 years from the date of issuance of the decision on investment policies. New investment projects in industries with investment incentives and implemented in areas with difficult socio-economic conditions are entitled to preferential policies such as: incentives for land rent exemption and reduction, pre-history land use, land use tax; corporate income tax incentives; Preferential import tax according to regulations.

It is known that Sangshin Electronics Co., LTD has an address in Gimhea-si city, Gyeongsangnam-do. Korea will establish Sangshin Central Vietnam Co., Ltd. in Quang Tri. Currently, in addition to the investment project in Quang Tri province, Sangshin Electronics Co., LTD also invests in another project in Dai An industrial park, Hai Duong province and has been in operation effectively since 2017.

Sangsin Central Vietnam project is the second Korean FDI project implemented in Trieu Phong district after the PI VINA Quang Tri garment manufacturing and processing factory project with a total investment of 20 million USD of the company. Poong In Trading CO.,Ltd.

With many diverse investment promotion and attraction activities in the past time, Quang Tri has been considered an emerging destination by investors and businesses, especially those from Korea. the process of finding and choosing an investment location with many advantages in administrative reform, dedicated support for investors, a strategic location on the East-West Economic Corridor (EWEC), preferential policies Investment incentives have been renewed, many motivational projects have been implemented to create momentum for projects in the linkage chain.

V.Tuan - H. Hiep