(HBO) - Meiko Electronics Co., Ltd, a Japanese corporation, is implementing a 200 million USD project to build a factory producing various types of electronic circuits in the industrial zone on the left bank of the Da River, Hoa Binh city. At a meeting with the firm on June 8, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh province Party Committee, affirmed a consistent standpoint of always supporting and accompanying enterprises in effectively carrying out projects. He pledged to create maximum conditions for Meiko Electronics to successfully operate in the locality.


 Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh province Party Committee, receives a leader of Meiko Electronics Co., Ltd.

Atsushi Sakate, executive vice president of Meiko, said the corporation has invested in building three electronic circuit manufacturing and PCB assembly plants in Vietnam with a total investment of up to 500 million USD. Such investment has so far created over 7,000 jobs and contributes approximately 30 million USD to the state budget annually, he elaborated.

Covering 9.2ha, the ongoing electronic circuits production project in Hoa Binh is set to also work on handling pollution, collecting and treating wastewater, emission gas, and solid waste, and recycling and reusing waste materials. It is approved to operate foru 50 years.

Meiko has planned to construct office buildings and workshops between Q4 of 2022 and Q4, 2023; purchase, transport, and install machinery and equipment as well as recruit and train employees in Q1 and Q2 next year; and conduct trial production and subsequently commence full-scale operation from the next Q2 onward. The estimated number of workers to be employed is around 3,000 by 2030. The projected contribution to the state budget will be approximately 200 billion VND (8.5 million USD) per year when the factory reaches its full production capacity in 2030.

Meiko said it hopes to continue receiving support from the Hoa Binh authorities to successfully implement the project.

Chu Van Thang, head of the management board of the provincial industrial zones, stated that the project is significant as it promotes economic restructuring, addresses employment issues, contributes to the state budget, and increases export value. Over the recent times, the province has directed relevant departments and agencies to create favourable conditions for its implementation in line with the plan, with Meiko’s proposals resolved, Thang said.

Quach Tat Lien, Vice Chairman of the Provincial People's Committee, pledged that the province will always accompany Meiko in such a process by facilitating investment procedures and land provision for the company to build worker accommodations.

He expressed his desire for the corporation to closely follow the province's investment direction and expedite the construction progress./.



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