Hyundai Kefico Vietnam Co., Ltd. in Dai An industrial zone (Hai Duong city) on September 19 morning celebrated its 10th founding anniversary and inaugurated its 2nd factory and Research and Development Center.
The provincial leaders visit production lines in the company's 2nd factory
Standing Deputy Secretary of the Provincial Party Committee Vu Van Son, Standing Vice Chairman of the Provincial People's Committee Nguyen Anh Cuong, President of the Korea Trade - Investment Promotion Agency in charge of Southeast Asia Kim Kijoon, and President of the Korea Chamber of Business in Vietnam Kim Hanyong attended the event.
Addressing the ceremony, Standing Vice Chairman of the Provincial People's Committee Nguyen Anh Cuong affirmed that despite many fluctuations of the world economy, thanks to appropriate business orientations and strategies, Hyundai Kefico Vietnam Co., Ltd. always develops well with sales steadily rising year after year.
The increase of investment from USD130 million to USD250 million has shown Hyundai Motor Group's determination to identify itself with and trust in Hai Duong province.
The provincial authorities always consider Hyundai Kefico Vietnam Co., Ltd.
in particular and Korean investors in general as priority partners in investment and development cooperation.
Opening the Research and Development Center
With the operation of the 2nd factory and Research and Development Center, in the coming years, the company will contribute to heightening budget revenues, promoting industrial production, and creating pervasive power over domestic enterprises and have a positive part in Hai Duong's socio-economic development.
The official suggested that the provincial functional bodies, local authorities, and Dai An JSC. continue to create the most favorable conditions to help the company in the process of investment and development of production and business.
The company should also abide by legal provisions of Vietnam as well as regulations of the province.
The company's investment project was granted the first investment certificate in September 2009. Since operation, the company has always achieved a growth rate of 30%/ year.
This year, the company is striving to earn USD350 million in export revenue. In the coming years, it will annually produce 120 million electronic components.
This is the largest project of Hyundai Motor Group worldwide.