Wednesday , May 22 2024

China’s Sunny Optical Technology Group plans 2.5B investment in Vietnam

China’s Sunny Optical Technology Group is planning to invest up to US$2.5 billion to build an optical production complex in northern Thai Nguyen Province.

According to a memorandum of cooperation signed March 8 by Sunny Optical and the provincial authorities, the company’s fifth plant will make an annual revenue of $5 billion and will create 15,000 new jobs.

Deputy Prime Minister Tran Luu Quang suggested Sunny consider building a research and development center.

Sunny has invested in four projects with total capital of $130 million to produce infrared lenses for cars, phone camera modules, and surveillance cameras. Its plants are in industrial parks in Thai Nguyen, the northern province of Vinh Phuc and Hanoi.

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