[Video] Hai Duong inks 120 million USD deal with Doosan Group

Chairman of the Hai Duong provincial People's Committee Trieu The Hung signs the memorandum of understanding on cooperation between the provincial People's Committee and Doosan Group

The Republic of Korea’s Doosan Group will expand its factory in Hai Duong province with an additional investment of 120 million USD.

This is part of a memorandum of understanding on cooperation signed between the provincial People's Committee and Doosan Group on June 23 in Ha Noi.

The project is expected to be carried out in Hai Duong-based industrial parks, with the production of printed circuit boards in the form of flexible cables and components of battery management systems for electric vehicles.

The group will exercise the right to export, import, and wholesale related to the said products in accordance with applicable laws and regulations of Vietnam.

Chairman of the Hai Duong provincial People's Committee Trieu The Hung signs the memorandum of understanding on cooperation between the provincial People's Committee and Doosan Group

Hai Duong province is committed to provide guidance and favorable conditions for Doosan to complete necessary investment procedures in line with Vietnam’s laws.

Doosan Electro – Materials Vietnam Co., Ltd., a subsidiary of Doosan Group, is located in Dai An industrial park, Hai Duong province.

The company was granted the first investment certificate on May 15, 2020 with a total investment of more than 39 million USD.

It aims to manufacture 50 million flexible printed circuit boards and earn about 26 million USD in revenue each year.

Doosan Group’s plan to inject 120 million USD to the project for production expansion in accordance with its investment roadmap.

Hai Duong News