Japan’s Meiko Group to invest $200 million in Hoa Binh province

Japan Meiko Group currently has a factory in Vietnam. Photo courtesy of Meiko Electronics.

Meiko Group has proposed an investment plan for a Da River Left-bank Industrial Zone to make all kinds of electronic circuits.

According to the Hoa Binh web portal, leaders of Hoa Binh province had a meeting with the representative of Meiko Corporation of Japan on a proposal to invest in a factory producing all kinds of electronic circuits in Da River Left-bank Industrial Zone.

At the meeting, Mr. Atsushi Sakate, Permanent Vice President of Meiko Corporation Japan said that the group is implementing a plan to build a factory to manufacture electronic circuits in the Da River Left-bank Industrial Zone, sublease land and infrastructure of Da Hop Commercial Joint Stock Company, with a total area of ​​9.2 ha; total investment capital is VND 4,660 billion, equivalent to $200 million. Mr. Sakate expressed that Meiko Group wishes to continue receiving support from the province to successfully implement the project.

On the side of the leadership of Hoa Binh province, Mr. Nguyen Phi Long, Secretary of the Provincial Party Committee, said that the province is focusing on implementing key traffic projects such as Hoa Lac Road – Hoa Binh City expansion, regional linking roads; Hoa Binh – Moc Chau Expressway Project, promoting administrative reform and improving the business environment, foreign businesses, including Japanese ones, have successfully invested in projects in Hoa Binh.

Leaders of Hoa Binh province committed to accompanying Meiko, providing maximum support in administrative procedures, wastewater, and electricity; along with investment in transport infrastructure, creating favorable conditions for Japan’s Meiko Group and domestic and foreign enterprises to invest in the province.

Meiko is one of the world’s leading corporations in the production of electronic circuit boards and assembling complete electronic boards with 5 factories in Japan, two factories in China, and representative offices and subsidiaries around the world.

Main activities include: Design, manufacture, and manufacture all kinds of electronic printed circuit boards (PCBs); assemble components onto PCBs, assemble finished electronic products (EMS).

In Vietnam, Meiko Group has invested in building three factories manufacturing electronic circuit boards, and assembling printed circuit boards (PCBs) with a total investment capital of up to $500 million, creating jobs for more than 7,000 workers, and contributing about 30 million USD/year to the State budget.

From a company specializing in manufacturing printed circuit boards (Printed Circuit Board (PCB)) established in 1975 in Kanagawa Prefecture, Japan, after more than 30 years of development, Meiko Electronics Corporation has become one of the world’s leading corporations in manufacturing electronic printed circuit boards and assembling electronic components.

In 2006, Meiko Group invested in building the first electronics factory in Vietnam, located in Ha Tay province (former) with a total investment of $300 million. The factory area is up to 170,000 m2, 60 minutes from Noi Bai airport by car.

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