Lenovo aims to build factory in Bac Giang

22-Feb-2019 Intellasia | The Saigon Times | 6:00 AM Print This Post

Representatives of Chinese technology firm Lenovo on February 19 worked with Bac Giang Province’s government to explore the possibility of building a factory in the northern province, the province’s website reported.

At the meeting with Nguyen Van Linh, chair of the province, representatives of the provincial Department of Planning and Investment and the provincial Industrial Zone Management Board, Lenovo said that it is in need of 20-30 hectares of land to develop a factory to manufacture computer parts.

Products made in the province will be exported to the United States, generating an estimated $3 billion in annual export revenue. Therefore, Lenovo expects the province to introduce an appropriate industrial zone to the group.

In addition, Lenovo said that the firm is in the process of researching preferential policies and incentives offered to enterprises by the province, as well as policies on workforce, customs and entry/exit procedures in Bac Giang.

Meanwhile, the leader of Bac Giang Province voiced hope over Lenovo’s plan. In 2018, Bac Giang Province was ranked third among the country’s provinces with a high economic growth rate, Linh said.

Bac Giang is currently home to 92 foreign investors, most of them Chinese manufacturers of solar cells and electronic parts.

Lenovo is one of the leading laptop firms in the global market, holding over 20 percent of the market share. The group has branches in more than 60 countries and territories.



Category: Business, Vietnam

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