The provincial Party Committee and the provincial People's Committee have directed relevant departments, sectors, and infrastructure developers to support the investor in carrying out related procedures, and speeding up the implementation progress, with the aim of putting the factory into operation in the second quarter of 2025.
Construction on the factory’s infrastructure sped up.
After many years of preparation, work on the factory started on April 13, 2024. Once operational, it is expected to employ about 3,000 workers, and contribute about 200 billion VND per year to the budget by 2030.
At a recent working session with executives of the Meiko Group, provincial leaders continued to affirm the best support for the investor to effectively implement the project.
Secretary of the provincial Party Committee Nguyen Phi Long appreciated the group’s decision to carry out a very big investment project in Hoa Binh province. He stated that over the past time, the provincial authorities have created favourable conditions for Japanese enterprises and investors to conduct production and business activities, especially by guiding and implementing investment procedures in accordance with legal provisions.
Hoa Binh is committed to accompanying the group in the implementation process of the project, thereby contributing to Vietnam-Japan relations, and to promoting sustainable socio-economic restructuring of the province, he added.
Meiko President & CEO Yuichiro Naya said that the group has invested in building four PCB factories in Vietnam, and the project in Hoa Binh province is the fifth of its kind.
He also shared the group’s plan to build the second factory in Hoa Binh after the first is put into operation in October 2025, hoping that the group will have access to and use a stable power source and a clean water system, and contribute to the development of Hoa Binh province in many other fields.
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