Delegates participated in the groundbreaking ceremony for the construction of the factory.

Attending the event was Mr. Ngo Dong Hai, a Member of the Party Central Committee, Secretary of Thai Binh Provincial Party Committee.

The project has a total investment of 45 million USD, using a 5-hectare land fund, and a design capacity of 3,700,000 products per year.

In phase 1, the project has a capacity of 1,850,000 products/year and is expected to be completed in the third quarter of 2024. Afterward, there will be procurement, installation of machinery, trial operation, and official production starting in the first quarter of 2025.

Phase 2 will start construction in Q4 2026 and official production is expected to begin in Q2 2027. The operating lifespan of this project is 47 years.

According to the proposed content of the investor, the project after going into operation has a stable revenue of about 4,400 billion VND/year; and pays the state budget (corporate income tax) after the preferential period of about 307 billion VND/year. Besides, job solving for about 645 workers, with a salary of about 7 million VND/month.

Thus, this is the 3rd foreign investment project in the field of computers and peripherals for computers to be invested in Lien Ha Thai Industrial Park (belonging to the Thai Binh Economic Zone).

Projects that make qualitative changes in investment attraction of Thai Binh province, contributing to increasing budget revenue, solving many jobs for highly skilled workers, and gradually forming supply chains for these million-dollar projects.

Secretary of Thai Binh Provincial Party Committee Ngo Dong Hai (third from right) pay new year's visit to the Amon Nitrate Factory in Thai Thuy district.

On the occasion of the beginning of the new year, Giap Thin, Mr. Secretary of the Provincial Party Committee of Thai Binh Ngo Dong Hai, and the leaders of the Provincial People's Committee visited and extended Tet greetings to several large enterprises in the province.

At the places visited, the provincial leaders recognized and highly appreciated the important contributions of the business community in the socio-economic development of the province over the past time; especially, with the local government, doing well in social security work, and taking care of vulnerable subjects.

Thai Binh province hopes that businesses will do business stably, create jobs for employees, and continue to contribute more to the local budget. On the side of the provincial government, it will accompany businesses, especially in solving and simplifying administrative procedures.