The ceremony was attended by Nguyen Manh Cuong, Vice Chairman of the Ho Chi Minh City People’s Committee.
The project is designed to produce high-purity polysilicon for the electronics industry and semiconductor value chain.
Covering approximately 50,000 square meters, the project has a total investment of more than US$60 million, equivalent to VND1.468 trillion, with a maximum annual capacity of nearly 5,000 tonnes of polysilicon. The plant has completed construction, with approximately VND1.1 trillion (about US$45 million) disbursed, representing more than 78 percent of the total registered investment capital.
The project’s operation is expected to add a high-quality source of materials, strengthen Vietnam’s semiconductor supply chain and contribute to the development of a high-tech industrial ecosystem in the country.
Nguyen Thi Thao Nhi, Chairwoman and General Director of Thanh Binh Phu My Joint Stock Company, the developer of Phu My 3 Specialized Industrial Park, said that the project would help supply input materials for the semiconductor value chain while creating momentum for the development of a high-tech industrial ecosystem in the industrial park and the Southern region.
Speaking at the inauguration ceremony, Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong called on the investor to ensure the project’s progress, comply with its technology commitments, accelerate the conversion of registered capital into implemented investment and bring the project into stable and efficient operation at the earliest possible time.
Ho Chi Minh City authorities affirmed that the city would continue to support and guide the investor in complying with legal regulations, help resolve difficulties and create favorable conditions for the company to implement and operate the project.
