Chungbuk Provincial Council Delegation Visits Korean Firms Operating in Vietnam’s Phu Tho Province, Reviews Investment and Production Status

[Hanoi, Vietnam—Kim Joon-seok, correspondent] A Chungbuk Provincial Council delegation visited Korean companies operating in Phu Tho Province in northern Vietnam to review their production and management.
According to local media on the 28th, a delegation from the North Chungcheong Province Government and the Chungbuk Provincial Council, led by North Chungcheong Province Governor Shin Yong-han and Chungbuk Provincial Council Chairman Lee Sang-sik, made successive visits to the production plants of Powerlogics Vina and Jahwa Vina, both operating in Phu Tho Province, on the 27th. The Chungbuk Provincial Council delegation closely reviewed the local subsidiaries’ investment status, business performance, main products, and import and export figures.
The on-site visit is expected to help strengthen business information exchanges between the North Chungcheong Province Government and companies in Phu Tho Province and expand opportunities for investment cooperation in the future.
Powerlogics Vina, Powerlogics’ local subsidiary in Vietnam, is a production hub established with a total investment of $100 million (about 133.7 billion won). It specializes in manufacturing, processing, and assembling electronic components for mobile phones, electronic components and camera modules, and parts for various electronic devices. It currently employs 1,343 people, including 1,331 Vietnamese nationals. In the first nine months of this year, it recorded cumulative exports of $334.67 million (about 447.7 billion won) and imports of $309.7 million (about 414.3 billion won).
Jahwa Vina, the Vietnamese subsidiary of Jahwa Electronics, has invested a total of $80 million (about 107.1 billion won) and operates an electronic components factory in Phu Tho Province. It produces information technology (IT) components and equipment, automotive parts, and electric motor parts, and employs 3,112 people, including 3,086 Vietnamese nationals. As of the end of September this year, exports totaled $142.58 million (about 190.8 billion won) and imports totaled $184.47 million (about 246.9 billion won).
[email protected] Kim Joon-seok Reporter