Hoang Thinh Dat Corporation And Hainan Drinda New Energy Technology Ink MoU For Solar Panel Production In Vietnam

Hoang Thinh Dat Corporation and Hainan Drinda New Energy Technology (China) recently convened for the signing ceremony of a Memorandum of Understanding (MoU) concerning investment in the Hoang Mai II Industrial Park project. Notable attendees included Mr. Hoang Van Duong, Chairman of the Board of Directors of Hoang Thinh Dat Corporation, and Mr. Chau Tieu Huy, Deputy General Director of Hainan Drinda New Energy Technology Co., Ltd.

Hainan Drinda New Energy Technology Co., Ltd., specializing in high-performance photovoltaic cells manufacturing, plans to establish a cutting-edge facility within the Hoang Mai II Industrial Park. This endeavor signifies the company’s strategic focus on the Southeast Asian market, with Vietnam being a prime investment destination. The collaboration aims to leverage advanced technology and foster employment opportunities, with projections indicating the creation of over 4,000 jobs upon operational commencement by December 2024.

During the ceremony, Deputy Chairman of the Provincial People’s Committee, Bui Thanh An, expressed optimism about the project’s potential contributions to Nghe An province’s economic development. With an eye towards sustainability, the solar panel production investment aligns with Vietnam’s commitment to achieving net-zero emissions by 2050.

The project, expected to involve a total investment of approximately $450 million USD (equivalent to roughly 11,200 billion VND) for phase one, underscores Nghe An’s attractiveness to foreign direct investment (FDI). The province’s conducive investment environment, coupled with government support and robust infrastructure, has positioned it as a burgeoning hub for electronic component and green energy production.

As preparations for the project accelerate, stakeholders remain committed to facilitating a seamless transition towards sustainable energy solutions. The collaboration between Hoang Thinh Dat Corporation and Hainan Drinda New Energy Technology heralds a new era of economic growth and environmental stewardship in Nghe An and beyond.