Taiwan's Foxlink International Investment to build factory in Danang

The project specialises in producing high-tech electronic equipment, including touch pens, wireless headphones, battery packs, charging stations, and electronic printed circuit boards. Covering an area of ​​11.35 hectares, the project is expected to reach an investment rate of $11.8 million per year.

Once completed, the factory is scheduled to create jobs for 2,000 workers in Danang and neighbouring provinces.

Founded in 1986, the company specializes in designing, manufacturing, and selling connectors, cable assemblies, power management devices, and battery packs on an OEM/ODM basis to some of the world's top makers of communications devices, computers, and consumer electronics.

In addition, Danang Hi-Tech Park also attracted two more local projects with a total registered capital of $14.2 million. As of present, the Danang park has attracted 28 investment projects, of which 16 domestic projects are worth more than $286 million, and 12 foreign-invested projects are valued at over $702 million.

The park aims to lure large-scale high-tech projects with a spillover impact. Such projects should have a scale of over $100 million, an average investment rate of at least $15 million per ha, and a revenue per hectare higher than $15 million.

Investment priority is given to projects in biotechnology, precision mechanical technology, automation, and new and nanomaterial technology.

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South Korean soju maker HiteJinro will spend $100 million building a manufacturing plant in the northern province of Thai Binh, turning Vietnam into its first overseas manufacturing base.