Thai Binh receives $260 million investment from Compal Electronics

Thai Binh receives $260 million investment from Compal Electronics

Compal Electronics, a renowned electronics manufacturer, has invested $260 million in Lien Ha Thai Industrial Park located in the northern province of Thai Binh. The investment agreement was signed between Compal Electronics Vietnam and Green i-Park JSC on June 7.

The investment is aimed at a specialized manufacturing project that includes the production, processing, and assembly of computer systems and peripheral devices, communication equipment, consumer electronic goods, and electronic components. The project is set to commence trial runs and full-fledged operations in early 2024, with an estimated yield of $1.2 billion by 2029 and $6.8 billion by 2037. The manufacturing plant will occupy 40 hectares of land and is expected to create employment opportunities for approximately 17,000 individuals.

Compal Electronics is a top producer of portable computers, LCD products, and intelligent devices, and is currently in partnership with renowned brands such as Sony, Asus, Dell, Lenovo, and Apple. Lien Ha Thai Industrial Park was established in 2021, covering an area of 588.8 hectares and designed as a multifaceted hub for diverse sectors, emphasizing high-tech industries while minimizing environmental impact.

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