# NeoSCM to build $88M auto parts factory in Binh Thuan, Vietnam

Taiwan's NeoSCM Limited has received an investment registration certificate for the Neotek Vietnam Industrial Factory, a $88 million project in Ham Kiem 2 Industrial Park, Binh Thuan province, Vietnam. The 13.24-hectare plant will produce 120,000 tons of suspension components annually, with construction starting in 2024 and operations beginning in 2027.

- Type: New facility
- Announced: 2024-11-19
- Where: Ham Kiem 2 Industrial Park, Binh Thuan, Vietnam
- Value: $88.0M
- Starts operating: 2027
- Status: announced
- Capacity: 120,000 tons per year
- Products: suspension components for vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [NeoSCM](https://endata.com/companies/68797.md)

## Sources

- [theinvestor.vn](https://theinvestor.vn/central-vietnam-province-okays-88-mln-automobile-part-project-d13422.html), 2024-11-20: "Binh Thuan province's industrial zone authority on Tuesday granted an investment registration certificate to a $88 million project invested by Taiwan’s NeoSCM Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.