China's Sunny Optical Technology plans $2.5 bln investment in Vietnam

Sunny Optical Technology Co

08/03/2023 15:19

HANOI, March 8 (Reuters) - China's Sunny Optical
Technology Group is planning to invest up to $2.5 billion to
develop an optical production complex in northern Vietnam, the
local government said on Wednesday.
    The complex would cover an area of between 26 and 40
hectares in Yen Binh Industrial Park in Thai Nguyen province,
the provincial People's Committee said in a statement, following
the signing of a memorandum of understanding between the lens
maker and the province.
    Construction of the facility would take five years upon the
granting of an investment licence by the local authorities, the
committee said, adding it would supply electronics and
automobile industries. 
    Thai Nguyen province, 45 kilometres (28 miles) north of
Hanoi, is currently home to Samsung Electronics' largest
Vietnam-based smartphone factory. 

 (Reporting by Khanh Vu
Editing by Mark Potter)
 ((khanh.vu@thomsonreuters.com; +84 24 38259623; Reuters
Messaging: khanh.vu.thomsonreuters.com@reuters.net))