Quang Tri: Increasing investment capital for Shangshin Central Vietnam project

Quang Tri Investment, Trade and Tourism Promotion Center said that the Provincial People's Committee has just issued a decision approving the adjustment of the investment policy and approving the investor of the Shangshin Central Vietnam project.

According to the decision approving the adjustment of the investment policy and approving the latest investor, the project will be adjusted in terms of construction scale with a total construction area of ​​9,680 m2, a total floor area of ​​12,501.2 m2, and a construction density of 49.08%. Of which, phase 1 has a construction area of ​​6,810.2 m2; phase 2 is 2,869.8 m2.

In addition, the project's total investment capital was adjusted to increase from VND104.4 billion to VND129.2 billion (equivalent to USD5.5 million).

Sangshin Central Vietnam project phase 1 has been completed and put into operation.

The project's schedule has also been adjusted, with the second phase of basic construction taking place from November 2025 to April 2026; and procurement and installation of machinery and equipment from April 2026 to May 2026. The second phase is expected to be operational in June 2026.

Previously, the project was approved for the first investor on November 4, 2021 and approved for investment policy adjustment and investor approval on December 28, 2023.

Sangshin Central Vietnam Project is an electronic components factory project invested by Sangshin Central Vietnam Co., Ltd., belonging to Sangshin Electronics Group (Korea), located in Ai Tu Industrial Cluster, Trieu Phong District, Quang Tri Province.

Currently, phase 1 of the project has been completed and put into operation from January 2023, producing products such as noise filters, inductors and molded plastic components. Phase 2 is expected to focus on producing electronic components for electric vehicles.

Mr. Nguyen Duc Tan, Director of the Center for Investment, Trade and Tourism Promotion of Quang Tri province, said that although the Sangshin Central Vietnam project is not large in scale, it is one of the projects that brings socio-economic efficiency to the province.

Source: https://baodautu.vn/quang-tri-tang-von-dau-tu-du-an-shangshin-central-viet-nam-d305832.html