Manufacturing News 20/02/2024, 13:30

Many important components of Boeing will be produced in Vietnam

"Now I can confidently tell my friends and other investors to come here for new opportunities," said a representative of the Boeing components factory's investor.

Many important components of Boeing will be produced in Vietnam

Construction of the aviation components factory for Boeing 787 and Boeing 737 Max aircraft was commenced in Da Nang Hi-Tech Park. On the afternoon of January 30, the groundbreaking ceremony for the KP VINA Aviation Components Factory was officially held in Da Nang High-Tech Park. This project is invested by KP Aerospace Vietnam Company Limited.

A few days earlier, the Management Board of Da Nang High-Tech Park and Industrial Parks issued an investment registration certificate to Korean investor KP AERO INDUSTRIES CO., LTD to invest in the KP VINA Aviation Components Factory project.

Tuoi Tre newspaper reported that in the program "Meet Da Nang 2024" held on January 26, Mr. Park Jihoon, Director of KP Aerospace Vietnam Company, expressed his surprise when receiving enthusiastic assistance in completing procedures and documentation.

Mr. Park Jihoon said that during the process of researching the investment location, the company heard many rumors. Some information suggests that business in Da Nang will face difficulties due to lack of infrastructure and delays in administrative procedures. This makes them find it difficult to expand their business activities in Vietnam.

However, the procedure is extremely convenient. In fact, in just a month, Da Nang completed the appraisal, evaluation and issuance of an investment registration certificate for this project.

"When I came here, I was surprised to receive extremely enthusiastic help in completing procedures and documents. Now I can confidently tell my friends and other investors to come here for new opportunities" - Mr. Park Jihoon said.

The factory will become the place to produce, process and assemble aircraft parts, including auxiliary engine doors, wing boxes, winglets, MIC heads and left wing support systems of Boeing 787 and Boeing 737 Max aircraft. Once put into operation, the KP Vina Aviation Components Factory will attract nearly 500 workers working in the high-tech industry.

Mr. Tran Chi Cuong, Vice Chairman of Da Nang City People's Committee, said that the KP Vina Aviation Components Factory project is very suitable for socio-economic development orientation and priority areas to attract investment during the period 2020 - 2025 and the following years of the city.

Da Nang city has high expectations that the above project will be one of the first foundations for the formation of an aviation and space technology complex. From there, this platform helps attract companies and aviation groups around the world to start paying attention to researching, surveying the investment environment and implementing projects.

The Management Board of Da Nang High-Tech Park and Industrial Parks also set a goal that, in the near future, it will attract at least 3 projects with a total investment capital of about 200 million USD. These projects focus on three main spearheads, including aerospace technology, semiconductor microchips and high-quality medical industry.

Cafef/ Translator: Ngoc Mai
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