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KINHBAC CITY DEVELOPMENT

HOLDING CORPORATION

A SUBSIDIARY OF KBC INVESTS IN TWO INDUSTRIAL PARKS VALUED OVER VND 15,000 BILLION IN LONG AN PROVINCE

On November 22, Long An province handed over the investment policy decision of the Prime Minister for 4 industrial parks in the province with a total area of 1,770 hectares and a total investment of nearly VND 23,000 billion. In which, there are two projects invested by a subsidiary of Kinh Bac City Development Holding Corporation (KBC).

 

Leaders of Long An province handed over investment policy decisions to 4 representatives of industrial park investors

In details, the first project is Tan Tap Industrial Park with a scale of 654 hectares and an investment of nearly 10,000 billion VND (in Tan Tap commune, Can Giuoc district). The investor is Long An Development Invest Joint Stock Company (a subsidiary whose 60% of charter capital is owned by Kinh Bac City Development Holding Corporation as at September 30, 2022).

The second project is Loc Giang Industrial Park with a scale of 466 hectares and an investment of nearly 5,200 billion VND (in Tan My commune, An Ninh Dong commune and Loc Giang commune, Duc Hoa district). The investor is Northwest Saigon City Development Corporation (a subsidiary whose 74.3% of charter capital is owned by Kinh Bac City Development Holding Corporation as at September 30, 2022).

On the same day, leaders of Long An province also granted investment registration certificates to 6 FDI projects with a total investment capital of more than 184 million USD and 7 domestic projects with a total investment capital of 9,064 billion VND.

According to information from the Provincial Economic Authority, up to now, the province has 37 industrial zones with a total planning area of more than 12,285 hectares. From the beginning of the year until now, there have been 102 new projects in the industrial parks, which is an increase of 23% over the same period. In terms of newly granted investment capital and FDI capital, there has been an upturn of more than 539 million USD, rising up by 30% and domestic investment capital has grown to 16,545 billion VND, rising up by 59% over the same period.

Previously, in the afternoon of November 17, Chairman of the Provincial People's Committee Mr. Nguyen Van Ut and representatives of leaders of relevant departments of Long An province, and representatives of KBC leaders, including Mrs. Nguyen Thi Thu Huong – General Director, had a meeting and worked with Tripod Group to understand the investment environment.

Tripod Corporation was established in 1998 in Taiwan. This is an enterprise operating in the field of high technology, which mainly researches, designs and manufactures PCB electronic boards; achieves world-class technology production; provides products to customers in the Global Top 200 and gains a revenue of 2.5 billion USD annually.

Representative of Tripod Group - Mr. Michael Lu highly appreciated the potential, advantages and investment attraction policy of Long An province. With the desire to create a PCB ecosystem, Mr. Michael Lu stated that, the Group is having a demand for investing in a manufacturing factory in Vietnam. The project is expected to come into operation in 2024. During this business trip, the delegation hoped to find long-term cooperation opportunities in Long An province.

KBC's Chairman

Mr. DANG THANH TAM

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