Northern Thai Binh province granted investment licenses to three FDI projects with total registered capital of $270 million on October 4.

The Taiwan (China)-based Pegavision Corporation received a license for a $200 million lens production factory. The 10-ha facility is set to post annual revenue of VND2.8 trillion ($114.8 million).

Its compatriot, the Goodway Cayman Company Limited, is investing $45 million in a factory manufacturing electronic items, connection / converting devices, and others. The 5-ha project is predicted to earn annual revenue of VND4.4 trillion ($180.4 million).

Meanwhile, China’s Longstar Lighting Ha Mon Company Limited received a license for a $25-million project manufacturing and assembling LED bulbs and components. Its 4-ha plant is expected to generate annual revenue of VND1.2 trillion ($49.2 million).

All three projects are located in the Lien Ha Thai Industrial Park, which was invested in by the local Green i-Park Corporation. With the three new investments, the Corporation has exceeded $1 billion in FDI attraction and helped Thai Binh province reach a milestone of $1 billion in FDI in a single year, Deputy Secretary of the Thai Binh Provincial Party Committee and Chairman of the Provincial People’s Committee Nguyen Khac Than said.

Speaking at the conference issuing the licenses, Mr. Than congratulated the investors  and noted that having three new projects at the Lien Ha Thai Industrial Park will help Thai Binh lead the country in FDI attraction.

In order for the projects to be implemented as soon as possible, he asked the investors to have plans and roadmaps, and to continue to support the province by promoting its business and investment environment among other investors.