Home Economy

Center Power Tech expands in Dong Nai

Apr 14th at 15:58
14-04-2016 15:58:21+07:00

Center Power Tech expands in Dong Nai

Center Power Tech Vietnam, a subsidiary of China's Vision Group, inaugurated the third phase of its factory in Dong Nai Province's Nhon Trach 2 Industrial Park on Monday.

In his speech at the ceremony, chairman of the provincial People's Committee Dinh Quoc Thai said he hoped the firm will invest more in advanced technologies and equipment to produce hi-quality and environment-friendly products in the future.

Vision Group, which specialises in battery and accumulator manufacturing, has been investing in over 100 countries worldwide. Its subsidiary, Center Power Tech Vietnam, received an investment licence in the province in 2007 and has current investment capital of US$60 million.

The company manufactures 16 million battery and accumulator products every year. It also makes equipment for producing one million other products.

To date, China has pumped $860 million into 56 projects in Dong Nai, ranking fourth in term of projects and sixth in level of capital among 40 countries and territories investing in the southern province.

bizhub

MOST READ

NEWS SAME CATEGORY

Viet Nam, UK aim to boost trade, investment ties
ECONOMY Apr 14th at 15:56

Viet Nam, UK aim to boost trade, investment ties

Authorities in HCM City said they hope UK enterprises would further investment in local projects, and affirmed that the city would create opportunities and...

VN's headline inflation rises in first quarter
ECONOMY Apr 14th at 15:55

VN's headline inflation rises in first quarter

Viet Nam's headline inflation rate increased by 1.69 per cent in the first quarter of this year, putting pressure on the new Government to curb the rate going...

VN needs prudent fiscal policy: WB
ECONOMY Apr 14th at 15:50

VN needs prudent fiscal policy: WB

World Bank economists have urged Viet Nam to be more prudent in its fiscal policy as the country's public debt is close to the set limit of 65 per cent of the Gross...

Microsoft to support Da Nang on start-up programme
ECONOMY Apr 14th at 15:47

Microsoft to support Da Nang on start-up programme

Microsoft Viet Nam and this central city have agreed to a Memorandum of Understanding (MoU) on a business start-up support programme in Da Nang.

Vietnam's young tech talent pulls foreign funds to booming startup scene
ECONOMY Apr 14th at 08:50

Vietnam's young tech talent pulls foreign funds to booming startup scene

Vietnam's tech startups are emerging as a force to be reckoned with as foreign private equity funds bet the country's talented young brains will yield more...

Private tutor app by Vietnamese developer goes viral in US
ECONOMY Apr 14th at 08:48

Private tutor app by Vietnamese developer goes viral in US

An education-based app developed by a Vietnamese firm has climbed to the top ten most downloaded apps on Apple’s App Store in the U.S. as of early 2016.

Vietnam’s inflation to edge up to 5 percent in 2016: report
ECONOMY Apr 14th at 08:46

Vietnam’s inflation to edge up to 5 percent in 2016: report

The latest quarterly report on the Vietnamese economy by the Vietnam Institute for Economic and Policy Research (VEPR) has been overshadowed by fears of rising...

Vietjet to add new routes to Taiwan, Malaysia with 50,000 uber-cheap tickets
ECONOMY Apr 14th at 08:44

Vietjet to add new routes to Taiwan, Malaysia with 50,000 uber-cheap tickets

Budget carrier Vietjet Air has announced that it will operate two new nonstop flights from Ho Chi Minh City to Kuala Lumpur and from the Vietnamese city to the...

PetroVietnam seeks pipeline partners
ECONOMY Apr 13th at 15:20

PetroVietnam seeks pipeline partners

Vietnam’s state-run oil and gas group PetroVietnam announced a bid to entice new investors to the group-led $8 billion Block B-O Mon gas exploitation and pipeline...

High rents curb investor enthusiasm in Hanoi’s IPs
ECONOMY Apr 13th at 14:55

High rents curb investor enthusiasm in Hanoi’s IPs

Industrial parks and export processing zones in Vietnam’s capital city have proved less attractive to big foreign investors due to expensive land rental rates.

Read More

MOST READ

Back To Top