Quang Nam government commits to accompany businesses for development

Uc Thinh Vietnam Glass Factory continues to invest in phase 2 at Bac Chu Lai Industrial Park, the project has just been awarded the sign "Celebrating the 50th anniversary of the Liberation of Quang Nam Province and the 95th anniversary of the establishment of the Provincial Party Committee". Photo: DIEM LE

Businesses feel secure investing

Uc Thinh Vietnam Glass Technical Development Company Limited just launched phase 2 last weekend.

Mr. Jiang Zhi Bin - General Director of Uc Thinh Vietnam Glass Technical Development Company Limited said that the Uc Thinh Vietnam Glass Factory project was invested with a total registered capital of 1,447 billion VND (equivalent to about 58 million USD).

Phase 1 was invested by the company 10 years ago, operating stably, creating jobs for 304 workers. Phase 2 investment will start in 2025, with about 25 million USD.

Mr. Jiang Zhi Bin said: “Over the years, we have always focused on creating stable jobs and good treatment for workers. In February, we also adjusted the salary structure and increased income for workers. With the investment expansion, the factory increased its capacity from 100 tons/day to 550 tons/day, we expect to create jobs for 500 local workers.

We also have policies to train and improve the qualifications of our staff to develop a skilled and qualified workforce with the locality. The goal in the coming years of Uc Thinh is to strive to achieve an estimated annual revenue of about 1,600 billion VND, contributing about 16 billion VND to the state budget.

The SGI Magnetic Factory Project of SGI VINA Company Limited has just been completed and put into operation in Bac Chu Lai Industrial Park, with a total registered investment capital of nearly VND 2,681 billion (equivalent to USD 110 million).

Mr. Bang Jeff Seung Tae - Director of SGI VINA Co., Ltd. informed that the factory is starting mass production with 2,000 tons/year, then 5,000 tons and finally reaching 8,000 tons/year in 2028.

“We have about 350 employees and eventually need 1,000 - 1,200 local skilled and unskilled employees in various positions, including production, engineering, quality control, maintenance and management,” said Bang Jeff Seung Tae.

We aim to recruit local talent and provide comprehensive training programs to enhance their skills, enabling them to thrive in a high-tech manufacturing environment. This is in line with our commitment to not only contribute to the local economy but also empower the workforce with valuable skills and career development opportunities.”

During the project investment process, both directors said that the investor highly appreciated the support from the relevant agencies in handling administrative procedures regarding investment, construction, taxes and related legal documents....

The Vietnamese government in general and Quang Nam province in particular have specific policies and regulations for each work content, with clear instructions in each working process, through the electronic public service system. This has helped the company complete the legal procedures of the project smoothly.

“Given the recent mergers and consolidations of many departments, we recommend focusing on further streamlining approval processes to ensure faster processing times for future projects,” Bang Jeff Seung Tae suggested.

We anticipate that this will benefit both current and future investors. In addition, we look forward to receiving continued support for our current and future projects.”

Commitment to accompany

At the ceremony of attaching the signs to the two industrial projects above, Standing Vice Chairman of the Provincial People's Committee Phan Thai Binh highly appreciated and acknowledged the efforts of the two enterprises, completing them in time for the 50th anniversary of the Liberation of Quang Nam province (March 24, 1975 - March 24, 2025) and the 95th anniversary of the founding of the Provincial Party Committee (March 28, 1930 - March 28, 2025).

Provincial leaders and SGI VINA Co., Ltd. put up a plaque to celebrate the 50th anniversary of the Liberation of Quang Nam Province and the 95th anniversary of the establishment of the Provincial Party Committee for the SGI Magnetic Magnet Manufacturing Factory. Photo: DIEM LE

Comrade Phan Thai Binh affirmed that this is a very meaningful event to recognize the contribution of project investors to the construction and development of Quang Nam province.

Standing Vice Chairman of the Provincial People's Committee Phan Thai Binh said that the completed projects put into operation will contribute large investment capital and modern technology to the Chu Lai Open Economic Zone, contributing to increasing industrial production value, contributing to budget revenue and creating jobs for local workers.

In addition to new projects, the fact that invested projects continue to expand investment in phase 2 shows the stable and favorable investment and business environment of Quang Nam province for foreign investors, and the determination of project investors to complete the project on schedule.

Comrade Phan Thai Binh hopes that the projects will continue to develop, becoming symbols of high-tech industry in Quang Nam, contributing to making the locality a modern production center of the country. The Quang Nam provincial government will always accompany businesses on the development journey, making an important contribution to the province's socio-economic development in the new period.

Source: https://baoquangnam.vn/chinh-quyen-quang-nam-cam-ket-dong-hanh-voi-doanh-nghiep-vi-su-phat-trien-3151338.html