Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.

Prime Minister Pham Minh Chinh and leaders of ministries, sectors and Hoa Binh province at the groundbreaking ceremony.

In his speech, PM Chinh congratulated Meiko on its investment in the province that boasts geographical advantages, inter-regional transport infrastructure, abundant workforce and sound supporting policies, highlighting the project is significant to the province’s development, economic structure shifting and job generation for local workers.

At the ground-breaking ceremony.

Laying a stress on the motto of "harmonising benefits, sharing risks”, PM Chinh affirmed that the Government and ministries pledged to have stable strategic policies, create strategic infrastructure, including transport, electricity, telecommunications, favourable conditions for investors and reform institutions.

PM Pham Minh Chinh speaks at the ground-breaking ceremony.

He asked local leaders to direct settlement of administrative procedures and removal of bottlenecks for Meiko, helping the firm and its contractors to carry out the project, ensure labour safety and strive to complete it ahead of schedule with good quality.

The government leader expressed his hope that the factory will make important contributions to the province’s comprehensive development.

The Meiko Group's Vice Chairman Sakate affirmed that when the factory is put into operation, it will generate some 300 million USD in revenue and 2,000 jobs for local workers.

Meiko Group Vice Chairman Sakate at the ceremony.

Established in 1975 in Kanagawa prefecture, Meiko has become a leading corporation in the world in manufacturing and assembling electronic circuits, with six factories in Japan, two in China and many representative offices and affiliates across the globe.

To date, it has invested over 800 million USD in four PCB factories in Vietnam./.

 On the occasion, Meiko donates 500 million VND (19,780 USD) to Hoa Binh province in an endeavor to demolish temporary houses and dilapidated houses.

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