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Signing of memorandum of understanding to invest in a 450 million USD solar battery production project in Nghe An

Việt NamViệt Nam26/03/2024

On the afternoon of March 26, at the Provincial People's Committee Office, the Memorandum of Understanding on investment in the Hoang Mai II Industrial Park was signed between Hoang Thinh Dat Joint Stock Company and Hainan Drinda New Energy Technology Co., Ltd. (China).

Attending the signing ceremony, on the side of Nghe An province, there were comrade Bui Thanh An - Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee; together with leaders of departments, branches, sectors, and Hoang Mai town.

On the investor side, there are Mr. Hoang Van Duong - Chairman of the Board of Directors, and General Director of Hoang Thinh Dat Joint Stock Company; Chau Tieu Huy - Deputy General Director of Hainan Drinda New Energy Technology Co., Ltd.

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Overview of the signing ceremony of the Memorandum of Understanding on investment project at Hoang Mai II Industrial Park. Photo: Pham Bang

Introducing Hainan Drinda New Energy Technology Co., Ltd., Mr. Chau Tieu Huy - Deputy General Director said that the company specializes in manufacturing high-performance photovoltaic cells. In China, the company has 3 production facilities located in the provinces of Jiangxi, Anhui, and Jiangsu.

In its development strategy, the company chose the Southeast Asian market as its focus. After surveying many countries, the company decided to cooperate with Hoang Thinh Dat Joint Stock Company to invest in a project in Hoang Mai II Industrial Park (Hoang Mai town - Nghe An).

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Mr. Chau Tieu Huy - Deputy General Director of Hainan Drinda New Energy Technology Co., Ltd. introduces the company. Photo: Pham Bang

At Hoang Mai II Industrial Park, the company will use the most modern and advanced technology in the world ; it is expected to employ more than 4,000 workers and aims to put the factory into operation in December 2024. In addition, the company will have additional suppliers in the ecosystem participating in the investment.

Deputy General Director of Hainan Drinda New Energy Technology Co., Ltd. highly appreciated and thanked the Southeast Economic Zone Management Board for their welcome, attention and support and promptly resolved the company's issues; at the same time, he hoped to receive attention and support in the future.

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Vice Chairman of the Provincial People's Committee Bui Thanh An and departments and branches attended the ceremony. Photo: Pham Bang

Speaking at the ceremony, Vice Chairman of the Provincial People's Committee Bui Thanh An expressed his delight at witnessing the signing ceremony of the Memorandum of Understanding on land lease at Hoang Mai II Industrial Park between Hoang Thinh Dat Joint Stock Company and Hainan Drinda New Energy Technology Co., Ltd.

Vice Chairman of the Provincial People's Committee Bui Thanh An said that in recent years, Vietnam's high-tech and new energy industries have developed strongly. In Nghe An province, there are large electronics and energy corporations such as Luxshare, Foccon, Goertek, Shandong, Everwin, Sunny, etc. Nghe An is gradually becoming the center for the production of electronic components and green energy equipment in the country.

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Vice Chairman of the Provincial People's Committee Bui Thanh An spoke at the ceremony. Photo: Pham Bang

Emphasizing Nghe An's advantages in terms of investment incentives, labor resources, land, and the support of the government system for investors, Vice Chairman of the Provincial People's Committee Bui Thanh An said that in the past 3 years, Nghe An has made a strong breakthrough in attracting FDI capital. In particular, in 2023, the province attracted more than 1.6 billion USD, ranking 8th in the country.

Assessing Hoang Thinh Dat Joint Stock Company as a capable and experienced industrial park infrastructure investor, comrade Bui Thanh An believes that when investors implement projects in Hoang Mai II Industrial Park, in addition to the support of the government, investors will also receive support from Hoang Thinh Dat Joint Stock Company.

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Leaders of Hoang Thinh Dat Joint Stock Company and Hainan Drinda New Energy Technology Co., Ltd. attended the ceremony. Photo: Pham Bang

Nghe An province highly appreciates the implementation of the Hainan Drinda New Energy Technology Co., Ltd. project to invest in the production of high-efficiency solar panels, helping Nghe An province in particular and Vietnam in general to promote the transition to using renewable energy, clean energy, and new energy, contributing to realizing the goal of net zero emissions by 2050 as Vietnam has committed.

In order for the project to be implemented on schedule, Vice Chairman of the Provincial People's Committee Bui Thanh An requested Hoang Thinh Dat Joint Stock Company, departments, branches and Hoang Mai town to coordinate closely and prepare well the two conditions of land and infrastructure.

Vice Chairman of the Provincial People's Committee Bui Thanh An wished the cooperation between Hoang Thinh Dat Joint Stock Company and Hainan Drinda New Energy Technology Co., Ltd. to develop more and more, constantly grow stronger and more prosperous, contributing significantly to the development of Nghe An province.

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Leaders of the Provincial People's Committee witnessed the signing ceremony of the Memorandum of Understanding on investment in the Hoang Mai II Industrial Park between Hoang Thinh Dat Joint Stock Company and Hainan Drinda New Energy Technology Co., Ltd. Photo: Pham Bang
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Vice Chairman of the Provincial People's Committee Bui Thanh An and representatives of the Southeast Economic Zone presented flowers to congratulate the cooperation between Hoang Thinh Dat Joint Stock Company and Hainan Drinda New Energy Technology Co., Ltd. Photo: Pham Bang

At the ceremony, the leaders of the Provincial People's Committee witnessed the signing ceremony of the Memorandum of Understanding on investment in the project at Hoang Mai II Industrial Park between Hoang Thinh Dat Joint Stock Company and Hainan Drinda New Energy Technology Co., Ltd. (China).

Hainan Drinda New Energy Technology Co., Ltd. plans to rent about 58 hectares in Hoang Mai II Industrial Park to implement a project to invest in a high-efficiency solar panel factory with a designed capacity of 14GW, with a total expected investment capital of 450 million USD.


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