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New business in Vietnam
Early this year, Daeyeong E&B signed a contract to enter the AMATA industrial complex, which is located in Dong Nai, Vietnam, and invested 15 million dollars to establish the local corporation Daeyeong Vina. This is the third local corporation after Korea and China.
Vietnam can provide good workforce for their economic development in the next 20 and 30 years, as 45% of the population is less than 24 years old, and has great access to developing countries like Cambodia and Myanmar as a production base in South East Asia.
Vietnam can provide good workforce for their economic development in the next 20 and 30 years, as 45% of the population is less than 24 years old, and has great access to developing countries like Cambodia and Myanmar as a production base in South East Asia.
Also, the Amata complex houses global companies like Nestle and Shiseido, and has stable power supply and educational facilities around it, from which highly educated workforce can be obtained. It is relatively close (15km) to Saigon HighTech Pak (SHTP) where Samsung Consumer Electronics complex is located, enabling rapid supply.
Daeyeong E&B has now a production facility including press, injection, mold, and coating line in the 60,000m2 site in Vietnam, securing production and sales base in South East Asia and striving to become a global manufacturer of the 'next-generation top products.' The Daemyeong Vina factory will be completed in December this year.
Daeyeong E&B has now a production facility including press, injection, mold, and coating line in the 60,000m2 site in Vietnam, securing production and sales base in South East Asia and striving to become a global manufacturer of the 'next-generation top products.' The Daemyeong Vina factory will be completed in December this year.
