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Vinh Phuc Welcomes Lioho Machine Works' USD 75 Million Venture

Mr.Believer Mr.Believer posted on 05/12/2023

On the morning of December 2nd, Comrade Le Duy Thanh, Provincial Standing Committee Member, Vice Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, attended the groundbreaking ceremony of the new factory of Lioho Machine Works Vietnam Co., Ltd. at Thang Long Industrial Park, Binh Xuyen District. Also present at the ceremony were leaders from several departments and sectors.

LIOHO MACHINE WORKS is a well-established brand in the manufacturing of mechanical components in Taiwan and is a major supplier to leading global automotive brands such as Toyota, Honda, Ford, etc. LIOHO operates more than 20 factories in Taiwan, China, and Indonesia.

Lioho Machine Works Vietnam project is being constructed on a land area of 5 hectares in Thang Long Industrial Park, with a total investment of USD 75 million. The project aims to manufacture products such as automotive spare parts, agricultural machinery components, metal components for internet network devices, and metal components for pumps, as well as wholesale of other machinery and equipment parts. This project aligns with the province's economic and social development direction and priority sectors for investment attraction in the 2020-2025 period and beyond.

Speaking at the ceremony, Chairman of the Provincial People's Committee Le Duy Thanh highly praised the investor's correct decision to develop the project in Vinh Phuc. The project is strategically located with convenient transportation, elevated topography, and stable geological conditions in Binh Xuyen District, which is one of the leading districts in the province in terms of industrial development (contributing a large proportion of industrial projects, accounting for 78% of the total number of investment projects in industrial parks in the province). Chairman Le Duy Thanh emphasized that this is a crucial factor contributing to the success of the project.

The groundbreaking ceremony for the Industrial Mechanical Project of Lioho Machine Works Vietnam is just the beginning, Chairman Le Duy Thanh highlighted, urging the project to be completed and put into operation soon. He emphasized the importance of adhering strictly to construction standards and regulations, ensuring the project's quality, progress, and compliance with legal regulations related to planning, investment, construction, environmental protection, and other relevant regulations.

CJSC - a Class 1 Vietnamese General Contractor with 20+ years of experience in Design & Build is carrying out the construction of this project.

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