Apple supplier Quanta Computer signs deal to build Vietnam factory

By Tuong Minh, Tri Duc
Sat, April 22, 2023 | 3:31 pm GMT+7

Apple supplier Quanta Computer signed an agreement Friday to build a factory in northern Vietnam as part of its supply chain diversification strategy.

The MacBook contract manufacturer, listed on the Taiwan Stock Exchange (TWSE) as 2382, signed the deal with authorities in Nam Dinh province to develop the 22.5-hectare plant in My Thuan Industrial Park.

 Representatives of Quanta Computer and Nam Dinh province sign the agreement in the province on April 21, 2023. Photo courtesy of Nam Dinh newspaper.

Representatives of Quanta Computer and Nam Dinh province sign the agreement in the province on April 21, 2023. Photo courtesy of Nam Dinh newspaper.

The facility will be the ninth factory worldwide of the Taiwanese company, a world-leading contract laptop maker.

In the first phase, the plant, Quanta’s first in Vietnam and also the first project in My Thuan Industrial Park, is set to cover 22.5 hectares.

Quanta issued a filing with the TWSE on April 17 for this new manufacturing facility, saying the investment would be $50 million.

Established in 1988, Quanta is a Global Fortune 500 company. The manufacturer reported its 2022 net profit at NT$28.96 billion ($949.2 million), down 14% compared with 2021.

The Quanta move follows other Taiwanese electronics makers, including Foxconn, Pegatron, Wistron, Compal Electronics, and Inventec Corp. in increasing investment in Vietnam in recent years.

The U.S.-China trade war has forced Taiwanese manufacturers to relocate factories in mainland China to Southeast Asia, a delegation of the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) recently said while surveying sites in Vietnam's northern provinces and cities.

Comments (0)
  • Read More
Over $534 mln needed for central Vietnam city’s seaport infrastructure

Over $534 mln needed for central Vietnam city’s seaport infrastructure

Hue city in central Vietnam needs about VND14.05 trillion ($534.24 million) in investment for its seaport system during the 2021-2030 span, with approximately VND12.79 trillion ($488.05 million) for wharves.

Infrastructure - Thu, July 3, 2025 | 4:24 pm GMT+7

Ca Na LNG-fueled power project in central Vietnam extends bidding deadline

Ca Na LNG-fueled power project in central Vietnam extends bidding deadline

The bidding deadline for the Ca Na LNG-to-power project in south-central Vietnam's Khanh Hoa province has been extended to 2 p.m. on July 19, 2025.

Energy - Thu, July 3, 2025 | 4:06 pm GMT+7

USD price in Vietnam hits new peak as US, Vietnam reach agreement on trade deal framework

USD price in Vietnam hits new peak as US, Vietnam reach agreement on trade deal framework

Vietnamese banks on Thursday raised the USD price to the central bank-regulated ceiling of VND26,345, 3.1% higher than at the beginning of the year.

Economy - Thu, July 3, 2025 | 3:47 pm GMT+7

Vietnam inaugurates first paper-based food packaging line

Vietnam inaugurates first paper-based food packaging line

The first paper-based food packaging line in Vietnam applying Tetra Recart® technology was officially inaugurated in Son La province on Wednesday by Vietnam’s leading supplier of processed food, Dong Giao Foodstuff Export JSC (Doveco), and Sweden's Tetra Pak Group.

Companies - Thu, July 3, 2025 | 2:29 pm GMT+7

Toyota nears one-millionth vehicle sold in Vietnam

Toyota nears one-millionth vehicle sold in Vietnam

Toyota Motor Vietnam (TMV) delivered over 29,000 vehicles to Vietnamese customers in the first half of 2025, a 31% increase year-on-year, according to a company release on Wednesday.

Companies - Thu, July 3, 2025 | 2:24 pm GMT+7

Vietnam’s Personal Income Tax Law overhaul expected in October

Vietnam’s Personal Income Tax Law overhaul expected in October

Vietnam’s Ministry of Finance is finalizing draft revisions to the Personal Income Tax (PIT) Law, for parliament approval at its session in October.

Economy - Thu, July 3, 2025 | 1:44 pm GMT+7

Apple supplier Luxshare-ICT seeks recruitment support in central Vietnam

Apple supplier Luxshare-ICT seeks recruitment support in central Vietnam

China’s Luxshare-ICT, a supplier to Apple, has asked authorities in Nghe An province for support in tackling labor recruitment challenges.

Companies - Thu, July 3, 2025 | 12:44 pm GMT+7

US agreement on 20% tariff for goods imported from Vietnam 'a success': expert

US agreement on 20% tariff for goods imported from Vietnam 'a success': expert

Reaching agreement with the U.S. on 20% tariff for goods imported from Vietnam and even 40% for transshipping is a success for the Southeast Asian country, said Ho Quoc Tuan, a senior lecturer of accounting & finance at University of Bristol, the UK.

Economy - Thu, July 3, 2025 | 9:55 am GMT+7

Malaysia diversifies trade partners to stay economically resilient

Malaysia diversifies trade partners to stay economically resilient

Malaysia’s economy remains resilient thanks to its long-term and comprehensive economic strategy, despite geopolitical tensions in the Middle East that have raised concerns about the possible closure of the Strait of Hormuz and disruption to global energy supplies, according to the Ministry of Trade, Investment and Industry (MITI).

Southeast Asia - Thu, July 3, 2025 | 8:44 am GMT+7

Vietnam Airlines launches first direct air link between Vietnam and Italy

Vietnam Airlines launches first direct air link between Vietnam and Italy

National-flag carrier Vietnam Airlines officially launched its first direct flight connecting Hanoi and Milan on Tuesday, establishing direct air link between Vietnam and Italy for the first time.

Travel - Thu, July 3, 2025 | 8:28 am GMT+7

Makara Capital Partners wants to mobilize $5-7 bln for investments in Vietnam: exec

Makara Capital Partners wants to mobilize $5-7 bln for investments in Vietnam: exec

Singapore's Makara Capital Partners is eyeing investment opportunities in Vietnam, including those in the biological and pharmaceutical industries and the International Financial Center project.

Economy - Thu, July 3, 2025 | 12:52 am GMT+7

Vietnam, US reach agreement on landmark trade deal framework

Vietnam, US reach agreement on landmark trade deal framework

Vietnam's Party chief To Lam and U.S. President Donald Trump on Wednesday stated that they welcome the agreement reached by the two countries' negotiating teams on the Joint Vietnam-United States Statement on a Fair, Balanced, and Reciprocal Trade Agreement Framework.

Economy - Wed, July 2, 2025 | 11:28 pm GMT+7

Vietnam's ACV expects 17% profit drop, plans $1.52 bln investment in Long Thanh airport this year

Vietnam's ACV expects 17% profit drop, plans $1.52 bln investment in Long Thanh airport this year

State-owned Airports Corporation of Vietnam (ACV), which operates 22 airports nationwide, expects its 2025 pre-tax profit to decline 17% year-on-year to VND10.53 trillion ($402.56 million) due to foreign exchange losses.

Companies - Wed, July 2, 2025 | 4:08 pm GMT+7

Two mega urban area projects in central Vietnam get greenlight

Two mega urban area projects in central Vietnam get greenlight

Two major urban projects in Quang Ngai province's Dung Quat Economic Zone, with a total investment of over VND54 trillion ($2.06 billion), have received in-principle approvals from Deputy Prime Minister Tran Hong Ha.

Real Estate - Wed, July 2, 2025 | 4:02 pm GMT+7

Roadmap for cleaner fuel transition launched for Vietnam’s first oil refinery Dung Quat

Roadmap for cleaner fuel transition launched for Vietnam’s first oil refinery Dung Quat

Binh Son Refining and Petrochemical JSC (BSR) and PV Gas D, a subsidiary of PV Gas, have signed an MoU on LNG trading principles, marking a significant step in BSR’s roadmap to transition from traditional fuels to cleaner alternatives at Dung Quat Oil Refinery.

Economy - Wed, July 2, 2025 | 3:52 pm GMT+7

EPC contracts signed for Vietnam’s offshore Block B - O Mon gas pipeline

EPC contracts signed for Vietnam’s offshore Block B - O Mon gas pipeline

Southwest Pipeline Operating Company (SWPOC), a subsidiary of Vietnam’s state-owned Petrovietnam, on Monday signed EPC contracts for two key packages (PC1 and PC2) of the Block B – O Mon gas pipeline project.

Economy - Wed, July 2, 2025 | 2:01 pm GMT+7