Hoang Thinh Dat Corporation and China-based Hainan Drinda New Energy Technology have signed a Memorandum of Understanding (MoU) concerning investment in the Hoang Mai II Industrial Park project.
As part of the MoU, Hainan Drinda New Energy Technology Co., Ltd., specializing in high-performance photovoltaic cells manufacturing, plans to establish a cutting-edge facility within the Hoang Mai II Industrial Park. This endeavor signifies the company’s strategic focus on the Southeast Asian market, with Vietnam being a prime investment destination. The collaboration aims to leverage advanced technology and foster employment opportunities, with projections indicating the creation of over 4,000 jobs upon operational commencement by December 2024.
Further, as preparations for the project accelerate, stakeholders remain committed to facilitating a seamless transition towards sustainable energy solutions. The collaboration between Hoang Thinh Dat Corporation and Hainan Drinda New Energy Technology heralds a new era of economic growth and environmental stewardship in Nghe An and beyond.
The project, expected to involve a total investment of approximately $450 million USD (equivalent to roughly 11,200 billion VND) for phase one, underscores Nghe An’s attractiveness to foreign direct investment (FDI). The province’s conducive investment environment, coupled with government support and robust infrastructure, has positioned it as a burgeoning hub for electronic component and green energy production.
