Sunny Group plans to expand investment in Thai Nguyen

The Chairman of Sunny Group announced plans to expand investment in Thai Nguyen with a scale of $2 billion to $2.5 billion, expected annual revenue of $5 billion, and to attract 15,000 regular employees.

On March 8, Deputy Prime Minister Tran Luu Quang received Sunny Group Chairman Ye Liaoning (China) at the Government Headquarters.

According to Ye Liaoning, Sunny Group was established in 1984 and produces integrated optical components for phones, computers, robots, medical equipment, and industrial machinery. The group was listed in China Fortune 500 top companies in 2021 and has been for six consecutive years, currently ranking 284th.

In Vietnam, the group has invested in four projects, including Sunny Opotech, Sunny Automotive, Sunny Infrared, and Sunny Opotec, with a total capital of $130 million, producing infrared lenses for cars, phone camera modules, surveillance cameras, etc. in industrial zones located in Thai Nguyen, Vinh Phuc, and Hanoi.

In particular, Sunny Ye Liaoning stated that the group plans to expand its investment in Thai Nguyen with a scale of $2 billion to $2.5 billion, expected annual revenue of $5 billion, and to attract 15,000 regular employees.

Deputy Prime Minister Tran Luu Quang welcomed Sunny Group’s investment in Thai Nguyen, which is one of the localities with a lot of experience in receiving high-tech projects. For example, Samsung Group invested $7 billion to build its largest phone manufacturing plant globally in this province.

The Deputy Prime Minister hopes that Sunny Group, with its experience and capacity, will call on high-tech businesses to invest in Vietnam in general and Thai Nguyen in particular to create an ecosystem of Sunny in Vietnam.

At the same time, the Deputy Prime Minister suggested that Sunny Group create conditions for Vietnamese businesses to participate in the supply chain of supporting equipment, bringing benefits to both sides and helping Vietnam gradually develop its industry.

Especially with an investment scale of over $2 billion, the Deputy Prime Minister also proposed that Sunny Group consider investing in a research and development center, both to quickly apply technology and to provide Vietnam with access to new technologies.

The Deputy Prime Minister also proposed that the leaders of Thai Nguyen province create favorable conditions for the investment of the Group in the locality. Regarding issues that are beyond the local jurisdiction, the Government and relevant ministries and agencies will provide all favorable conditions for the Group to invest and do business more successfully in Vietnam.

Source: Dan Tri