Signing investment contract at Van Phong Industrial Park

On the morning of December 6, A1 Group-TaiZhan Corporation (Taiwan) and Thien Phu Company Limited signed a cooperation contract to invest in the Project at Van Phong Industrial Park, Nho Quan District. Attending were leaders of a number of relevant departments and branches.

A1 Taizhan Group is headquartered in Taipei City, Taiwan, specializing in the production of high-tech equipment, components, and accessories for the automotive, electronics, sports equipment, and semiconductor industries.

The investment project in Van Phong Industrial Park, Nho Quan District has a total investment of more than 47.1 million USD. It is expected to generate revenue of 66.4 million USD/year, employ nearly 1,200 local workers, and contribute more than 9.8 million USD/year to the budget. The project is invested and managed by Thien Phu Company Limited with a total area of 15.6 hectares in phase I and is expected to expand to 25 hectares in 2024.

This is an effective investment promotion activity to create jobs, increase budget revenue, and promote socio -economic development of Nho Quan district in particular and the province in general in the coming years.

Nguyen Thom - Anh Tuan

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