Thai Nguyen: Sunny Group agrees to invest another 2.5 billion USD

Recently, at the Government Office, Deputy Prime Minister Tran Luu Quang has worked with leaders of Sunny Group; at the same time, witnessing the Ceremony of awarding a Memorandum of Cooperation between Thai Nguyen leader and Sunny Group representative on the implementation of the Sunny Group Industrial Center construction project in Thai Nguyen province.

Deputy Prime Minister Tran Luu Quang and leaders of Thai Nguyen province worked with Sunny Group leader at the Government Office.

Attending the meeting were leaders of some central ministries and branches; Mr. Ye Liaoning, Chairman of Sunny Group; leaders of Sunny Group's member units in Vietnam.

On the side of Thai Nguyen province, there were comrades: Nguyen Thanh Hai, Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial Delegation of the National Assembly; Trinh Viet Hung, Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; Dang Xuan Truong, Member of Standing Committee of Provincial Party Committee, Standing Vice Chairman of Provincial People's Committee, and leaders of provincial departments and branches.

Sunny Group, established in 1984, is the world's leading manufacturer of integrated optical products and components, mainly designing, researching and developing optical and optical-related products. These products include optical components such as camera modules for handheld devices, three-dimensional opto-electronic products, electric vehicle modules and other optoelectronic modules.

In Thai Nguyen province, Sunny Opotech Vietnam registered to invest in a project of manufacturing, processing and assembling camera modules with a total capital of 110 million USD in Yen Binh Industrial Park (Pho Yen City). The project has been in stable production since March 2022 with a capital of 73 million USD, creating jobs for over 610 employees with an average income of 10 million VND/person/month. Currently, the investor is implementing the expansion investment phase (with an additional capital of 37 million USD), which is expected to be completed and put into stable operation in December 2023, creating jobs for 300 workers.

Recently, Sunny Group proposed to the Vietnamese Government the Sunny Group Industrial Center Construction Project with an area of ​​26 to 40 hectares in Yen Binh Industrial Park, total investment capital of 2 to 2.5 billion USD. The investment objective is to manufacture camera lenses, optical equipment for automobiles and other optical products and is expected to complete the investment within five years from the date of the investment certificate.

The project to build Sunny Group Industrial Center in Thai Nguyen has a large scale in optics used in the electrical and electronic industry, serving the automotive industry, in line with the policy of attracting quality investment capital. Thereby contributing to the building of a high-tech, high-tech electricity-electronics production ecosystem for the northern midland and mountainous economic region in general, and Thai Nguyen province in particular, to build Thai Nguyen into one of the modern industrial centers of the Northern Midlands and Mountains and Hanoi Capital region according to the goals set out in the Resolution of the 20th Provincial Party Congress in term 2020-2025.

Speaking at the meeting, Deputy Prime Minister Tran Luu Quang was very pleased to hear that Thai Nguyen Provincial People's Committee and Sunny Group signed a Memorandum of Understanding on cooperation in expanding production on March 7. He said that Sunny Group's choice is correct because Thai Nguyen is qualified to receive high-tech investment projects. The Deputy Prime Minister hopes that Sunny Group will create Sunny's ecosystem in Vietnam.

Deputy Prime Minister Tran Luu Quang also proposed Sunny Group create conditions for Vietnamese businesses to participate in the field of supporting industries. He noted to the Corporation on building a research center within the framework of the project.

Presenting a Memorandum of Understanding between leaders of Thai Nguyen province and Sunny Group.

Immediately after the meeting, Deputy Prime Minister Tran Luu Quang and leaders of central ministries and branches witnessed the leaders of Thai Nguyen province and representatives of investors handing over the Memorandum of Understanding signed on March 7 in Thai Nguyen province.

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* Previously, on March 7, Thai Nguyen Provincial People's Committee held a meeting and signed a Memorandum of Understanding with Sunny Group. Attending the meeting were Ms. Nguyen Thanh Hai, Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial Delegation of the National Assembly; Mr. Pham Hoang Son, Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council; Mr. Do Duc Cong, Member of Standing Committee of Provincial Party Committee, Standing Vice Chairman of Provincial People's Council; Mr. Dang Xuan Truong, Member of Standing Committee of Provincial Party Committee, Standing Vice Chairman of Provincial People's Committee; and representatives of leaders of relevant departments, agencies, units, and localities.

Secretary of the Provincial Party Committee Nguyen Thanh Hai discussed with investors.

At the meeting, the Secretary of the Provincial Party Committee gave an overview of the potential, strengths and outstanding results in Thai Nguyen province's socio-economic development and investment attraction over the past time. The Secretary of the Provincial Party Committee also expressed his wish that Sunny Group would continue to expand the scale of the factory in the province. Thai Nguyen commits to continue to accompany, support and create the most favorable conditions for administrative procedures, labor training, and vocational training support so that investors can feel secure in long-term operations in the province. The Secretary of the Provincial Party Committee also expected that more foreign investors would come to learn and invest in Thai Nguyen through Sunny Group.

Representatives of the provincial People's Committee and Sunny Group signed a Memorandum of Understanding for the construction project of Sunny Group Industrial Center.

At the meeting, the two sides signed a Memorandum of Understanding on cooperation for the Sunny Group Industrial Center construction project in Yen Binh Industrial Park to produce camera lenses and optical equipment for cars…