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Signing the MOU for a $450-million investment project in Hoang Mai II IP

On the afternoon of March 26, at the Office of the Provincial People’s Committee, the Signing Ceremony of the Memorandum of Understanding for investment in the Hoang Mai II Industrial Park project took place between Hoang Thinh Dat Corporation and Hainan Drinda New Energy Technology Co., Ltd. (China).

Attending the signing ceremony and representing the investors were: Mr. Hoang Van Duong – Chairman of the Board of Directors and concurrently General Director of Hoang Thinh Dat Corporation; Mr. Chau Tieu Huy – Deputy General Director of Hainan Drinda New Energy Technology Co., Ltd.

Representing Nghe An province were Comrade Bui Thanh An – Member of the Standing Committee of the Provincial Party Committee, Vice Chairman of the Provincial People’s Committee; along with leaders of departments, committees, sectors, and Hoang Mai town.

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

Introducing Hainan Drinda New Enery Technology Co., Ltd., Mr. Chau Tieu Huy – Deputy General Director, stated that the company specializes in manufacturing high-performance photovoltaic cells. In China, the company currently operates three production facilities located in the provinces of Jiangxi, Anhui, and Jiangsu.

In its development strategy, the company has chosen the Southeast Asian market as a focal point. After conducting surveys in several countries, the company decided to collaborate with Hoang Thinh Dat Corporation to invest in the Hoang Mai II Industrial Park project (Hoang Mai Town – Nghe An Province).

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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 the Hoang Mai II Industrial Park, the company will utilize the most advanced and modern technology worldwide; it is projected to employ over 4,000 workers with the goal of starting operations by December 2024. Additionally, the company will involve more suppliers within the ecosystem to participate in the investment.

The Deputy General Director of Hainan Drinda New Energy Technology Co., Ltd. highly appreciates and thanks the warm reception, attention, and support from the Management Board of the Southeast Economic Zone and their prompt resolution of the company’s issues; at the same time, they look forward to continued attention and support in the future.

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Deputy Chairman of the Provincial People’s Committee, Bui Thanh An, and representatives from various departments attended the ceremony. Photo: Pham Bang

Speaking at the ceremony, Deputy Chairman of the Provincial People’s Committee Bui Thanh An expressed his joy at witnessing the signing ceremony of the Memorandum of Understanding for leasing land in the Hoang Mai II Industrial Park between Hoang Thinh Dat Corporation and Hainan Drinda New Energy Technology Co., Ltd. Alongside the presence of major electronics and energy corporations such as Luxshare, Foccon, Goertek, Shandong, Everwin, Sunny, etc., Nghe An is gradually becoming a hub for electronic component and green energy production nationwide.

With Nghe An’s advantages in investment incentives, labor force, infrastructure, and the government’s support for investors, the province has experienced significant breakthroughs in attracting FDI in recent years. Especially in 2023, the province attracted over 1.6 billion USD in FDI, ranking 8th nationwide.

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Leadership from Hoang Thinh Dat Corporation and Hainan Drinda New Energy Technology Co., Ltd. attended the ceremony. Photo: Pham Bang

The implementation of the solar panel production investment project by Hainan Drinda New Energy Technology Co., Ltd. will contribute to the promotion of renewable energy, clean energy, and new energy usage in Nghe An province and Vietnam as a whole. This will help realize the goal of achieving net-zero emissions by 2050, as Vietnam has committed.

Hoang Thinh Dat Corporation is closely coordinating with departments, agencies, and Hoang Mai town to effectively prepare the land and infrastructure conditions, not only for this project but also for future investors choosing the Hoang Mai II Industrial Park as their investment destination.

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The signing ceremony of the Memorandum of Understanding for investment in the Hoang Mai II Industrial Park project between Hoang Thinh Dat Corporation and Hainan Drinda New Energy Technology Co., Ltd. Photo: Pham Bang

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Deputy Chairman of the Provincial People’s Committee Bui Thanh An and representatives from the Southeast Economic Zone presented flowers to congratulate the cooperation between Hoang Thinh Dat Corporation and Hainan Drinda New Energy Technology Co., Ltd. Photo: Pham Bang

At the ceremony, provincial leaders witnessed the signing ceremony of the Memorandum of Understanding for investment in the Hoang Mai II Industrial Park project between Hoang Thinh Dat Corporation and Hainan Drinda New Energy Technology Co., Ltd. (China).

The project involves the construction of a 14GW solar cell base production plant in the Hoang Mai II Industrial Park, located in the Southeast Economic Zone, with a land area of ​​50 hectares (divided into 2 phases). Phase 1 is expected to use 30 hectares of land, with a total investment of 450 million USD (approximately 11,200 billion VND); electricity demand is 70 MVA. The construction is scheduled to be completed and operational in the fourth quarter of 2024.

The project will utilize the most advanced technology available today. The company plans for the project to commence operations in December 2024. When operational, the plant will provide employment for over 4,000 workers. Additionally, the company will involve more suppliers within the ecosystem to participate in the investment.

Source: Nghe An Newspaper

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