Meiko Electronics Japan invests additional US$50 million in Vietnam
By Tieu Phong
October 11, 2017 | 07:19 AM GMT+7
Meiko Electronics Vietnam, a subsidiary of Japan's Meiko Electronics Group, will construct its third electronics plant in Vietnam with a total investment of over US$50 million.
The MOU signing ceremony between TNI Holdings and Meko Electronics Vietnam
On October 9, 2017, TNI Holdings (formerly the Vietnam Investment Development Group-VID Group) and Meiko Electronics Vietnam signed the Memorandum of Understanding on Investment Cooperation.
Accordingly, Meiko Vietnam, the world's leading brand on manufacturing printed circuit boards and electronic assemblies, will rent the land and infrastructure in Quang Minh industrial park of TNI Holdings to construct its third electronics plant worth US$50 million in Vietnam. According to experts, this is currently the highest-value FDI project in Vietnam.
In 2006, Meiko decided to cooperate with VID Group in its first investment in Vietnam to set up its plant in Thach That industrial park. That was one of the ten biggest foreign direct investment (FDI) projects and also the largest foreign electronics production project in 2006.
TNI Holdings has attracted over 400 investors in its industrial parks, including more than 300 foreign investors coming from Japan, China, the U.S, etc.,... Its current ten industrial parks with the total area of 2,300 hectares have attracted over US$3 billion of FDI. In the coming time, TNI Holding expects to invest in new industrial parks.
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