April 11, 2019 | 20:45 (GMT+7)
Deputy PM hails Compal’s business expansion in Vietnam
Deputy Prime Minister Trinh Dinh Dung hailed Taiwan-based Compal Group’s plan to expand operations in Vietnam during a reception in Hanoi on April 10 for its Vice President Ray Chen.
The deputy PM affirmed that the Vietnamese Government is further improving the business climate and competitiveness so as to attract more domestic and foreign investors.
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Deputy Prime Minister Trinh Dinh Dung (R) and Vice President of Compal Group Ray Chen |
The Government is ready to support foreign investors, including Compal, in extending production and trade, the official stressed and asked Compal to hold working sessions with ministries, agencies and localities to deal with specific issues and promptly report any difficulties.
Ray Chen, for his part, said a computer assembly plant in Northern Vinh Phuc province has been put into stable operation with export revenue projected at USD 500 million this year.
Due to higher demand, Compal wants to expand its manufacturing in Vietnam to raise export turnover to USD 1.5 - 2 billion per year.
Source: VNA