At Chancery Saigon Hotel on June 2, 2010, the contract of fabrication & installation equipment for 1st stage of Viet Fiber Optical Project was signed by  the owner as Viet Fiber Optical Corporation (represented by President - Mr. Nguyen Dinh Thi ) and Sub. contractor as Nhat Long Trading & Service Compnay Ltd. (represented by Deputy Director - Mr. Huynh Kim Van Long). VFO project is located in Bau Bang Industrial Zone -  Binh Duong Province, it is officially warranted by ODA capital from Israel. VFO was established on August 2008 after the financial cooperation protocol was signed by the government of both countries Vietnam - Israel in order to provide the ODA capital for VN projects, which will buy the productions and technologies froIsreal (October 2007)

ASHRA Export Insurance group - Israel, on behalf of Israel Government, was appointed to carry out this protocol and garrantee for 85% capital from Israel Bank to VN finacial Department.
 
VFO is processing to build the Fiber optical factory in Bau Bang IZ with the capacity up to 1,000,000km per year. UPC-IJL LTD, registed in Israel, will provide the turn-key project of Fiber Optical Project in VN.
 
Knowing, with UPC's technology, the new generation of fiber optical will be manufactured in VFO Factory with standards as: high productivity (95% compare with 70% for the old generation), top of water absorb is lowest, signal consume is lowest, magnify machine will be reduced 30% with under ground cable, best PMD, perfect core, reduced signal distorted, high accumulation speed, highest pull speed and lowest using Heli ...

Some pictures at the ceremony:
 

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