17-Jun-2022 Intellasia |
VOV |
5:02 AM
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Compal Group, the world’s leading manufacturer of smart electronic devices has recently unveiled plans to develop additional production bases in Vietnamese localities such as Quang Ninh and Nghe An.
compal group plans to set up new vietnamese production base picture 1
The move is part of the group’s efforts to expand production for its global operations system in a bid to meet increasing orders from international customers.
The Vietnamese provinces of Quang Ninh and Nghe An both boast favourable social and economic conditions in order to boost the company’s development, particularly through potential industrial zones such as DEEP C Quang Ninh.
This comes after Compal representatives visited the northern province of Quang Ninh on June 2 to gain greater insights into investment opportunities and the local business climate.
Most notably, Quang Ninh enjoys advantages of developing an electronic equipment factory, particularly due to significant changes in terms of infrastructure and convenient location which links to China and other major production hubs in the northern region such as Hanoi and Hai Phong.
During their recent visit, Compal conducted a survey on the DEEP C Quang Ninh Industrial Park (IP) complex, a site which comprises two projects, including Bac Tien Phong IP and Nam Tien Phong IP.
Located in the coastal economic zone of Quang Yen, the primary purpose of DEEP C Quang Ninh is to develop into a high-tech industrial complex which has been integrated with seaport infrastructure and port services.
Last year saw Compal expand its production operations in the nation by increasing production capacity for its first factory in Vinh Phuc province.
https://english.vov.vn/en/economy/compal-group-plans-to-set-up-new-vietnamese-production-base-post950509.vov
Category: Business, Vietnam
Article source: https://www.intellasia.net/compal-group-plans-to-set-up-new-vietnamese-production-base-1060525