KBC

In the afternoon of March 2, 2017, at the office of Kinh Bac City Development Share Holding Corporation (KBC), a signing ceremony for the official contract  between KBC and Hanwha Techwin / Security Business –  a member of Hanwha Group (Korea) was held formally. Hanwha Techwin/Security officially invested the project on an area of 6ha in Que Vo IP (expanded area) and increased the total investment capital up to USD 100 million. Hanwha Techwin / Security would immediately pay 40% of the contract value (about VND 50 billion) after the signing. This is the second largest investment project licensed in Bac Ninh province in 2017.

Mrs. Nguyen Thi Thu Huong – General Director of KBC and Mr. Lee Man Seob - General Director of Hanwha Techwin at the official signing ceremony.

Mr. Lee Man Seob - General Director of Hanwha Techwin / Security Business and senior executives  of the group in Korea,  Mrs. Nguyen Thi Thu Huong - General Director of KBC  and the management of KBC and its member companies together with attended the signing ceremony.

Hanwha Techwin Security Vietnam belongs Hanwha Group (Korea) specializes in manufacturing and trading security devices with 27 networks worldwide. Revenue of 2015 of Group reached nearly USD 600 million. Over  half a year of surveying and exploring the investment environment of many localities in Vietnam, Hanwha Techwin / Security has recognized the open investment environment, modern synchronous infrastructure with flexible mechanisms and policies which support enterprises much more of Bac Ninh province. Specifically, after many meetings with KBC and receiving positive support from the KBC management and available infrastructure to meet the needs of the company, Hanwha Techwin / Security has decided to choose Que Vo IP of KBC is the investment destination, beginning the first investment project of the Group in Vietnam - CCTV camera, storage and hi-tech security monitoring devices.

Company will start the factory construction in  Que Vo IP in the first quarter of 2017 with total investment capital  of USD 201 million in Phase 1 (2017 – 2019). The plant will come in operation will create jobs for about 1,500-2,000 workers with a capacity of 2 million products per year.

Sharing at the signing ceremony, leaders of Hanwha expressed their truth on the success of Hanwha in Que Vo IP and affirmed that this cooperation will be the foundation for Hanwha Group to invest in other fields in Bac Ninh province, contributing to the general socio-economic development of the province.

After the signing ceremony, Chairman of People's Committee of Bac Ninh province, Mr. Nguyen Tu Quynh personally gave the investment registration certificate to Hanwha Techwin / Security. The ceremony was solemnly held at the Bac Ninh Industrial Zones Authority with the witness of the leaders of the Provincial People's Committee, departments, divisions of province, leaders of BIZA, KBC and Hanwha.

Chairman of People's Committee of Bac Ninh province, Mr. Nguyen Tu Quynh is giving Investment Registration Certificate to Hanwha Techwin/ Security.

At the ceremony of awarding the investment registration certificate, Chairman of People's Committee of Bac Ninh province, Mr. Nguyen Tu Quynh warmly praised and congratulated KBC and Hanwha on their first success cooperated between both parties. He also affirmed that he would support Hanwha in the best way to gain the best success in Que Vo IP to quickly complete the factory construction and infrastructure to be in operation for Hanwha, KBC, Bac Ninh and Country to develop.