02-03-2019, 11:36 (GMT+7) 127

TTi Group to build solar battery plant at SHTP

TTi Group has proposed developing a solar battery manufacturing plant, expected to cost 150 million USD, at Sai Gon Hi-tech Park (SHTP) in Ho Chi Minh City.

Beside the plant, the US group also plans to build a battery research centre at the park and it would need 10ha of land for these establishments.

According to Le Bich Loan, deputy head of the park’s management board, 16ha of land in the park was now available for the investor.

As of October 2018, the SHTP has granted investment licences to 148 projects, including 93 domestically-invested projects worth more than 38 trillion VND (1.6 billion USD) and 55 foreign-invested ones valued at 5.4 billion USD.

Major investors include Intel, Sanofi, Samsung, Schneider, Datalogic and Jabil.

The park aims to keep up with the Fourth Industrial Revolution by capitalising on digital technology and integrating smart technologies to optimise production, head of the park’s management board Le Hoai Quoc said.

Vietnam Economic News