China’s Goertek seeks 25-hectare expansion in northern Vietnam

By Tri Duc
Tue, February 4, 2025 | 1:18 pm GMT+7

Chinese electronics giant Goertek is seeking permission to expand its production site in Vietnam’s northern province of Bac Ninh by 25 hectares.

A Goertek delegation disclosed the information at a meeting with Bac Ninh authorities on Monday, the first working day after the Lunar New Year holiday (Tet).

The delegation also urged provincial authorities to support the firm with work permits for foreigners and construction of roads connecting to the factory, located in Nam Son-Hap Linh Industrial Park.

Nguyen Anh Tuan (right), chief of Bac Ninh Party Committee, visits Goertek factory in Bac Ninh province, northern Vietnam, February 3, 2025. Photo courtesy of Bac Ninh newspaper.

Nguyen Anh Tuan (right), chief of Bac Ninh Party Committee, visits Goertek factory in Bac Ninh province, northern Vietnam, February 3, 2025. Photo courtesy of Bac Ninh newspaper.

Backing Goertek’s activities in Vietnam, Nguyen Anh Tuan, chief of Bac Ninh's Party Committee, asked relevant agencies to collaborate with the electronic giant. He also called on Goertek to provide training courses outside Vietnam for Vietnamese experts.

Goertek should also invest in building a research & development (R&D) center in Bac Ninh, Tuan added.

Goertek has invested over $1.3 billion in Bac Ninh province, including two projects of $625 million in Que Vo Industrial Park and two others of $690 million in Nam Son-Hap Linh Industrial Park.

Notable products are telecommunications items and unmanned aerial vehicles (UAV). For 2025, the firm plans to increase its Vietnamese workforce to 60,000 people.

In December 2024, Bac Ninh province said it would strive to soon complete site clearance for the Nam Son-Hap Linh Industrial Park project to facilitate Goertek's investment.

The industrial park has seen site clearance for 220 hectares out of the total 306.4 hectares completed, said the facility investor Kinh Bac City. It currently struggles to process site clearance for three farming land lots of 25 hectares and one defense land of 1.2 hectares, it added.

Bac Ninh Chairman Vuong Quoc Tuan emphasized that the site clearance would help provincial authorities approve another investment registration certificate for Goertek in Q1/2025 and facilitate Goertek to begin construction in Q2/2025.

Comments (0)
  • Read More
13th Party Central Committee wraps up 12th plenum

13th Party Central Committee wraps up 12th plenum

The two-day 12th plenary session of the 13th Party Central Committee concluded on July 19 afternoon, fulfilling the agenda set out at the start of the meeting.

Politics - Sat, July 19, 2025 | 5:15 pm GMT+7

Vietnam's property major DIC Corp to offer 150 mln shares to shareholders

Vietnam's property major DIC Corp to offer 150 mln shares to shareholders

Development Investment Construction JSC (DIC Corp), among Vietnam's biggest real etate developers, will offer 150 million shares to shareholders at VND12,000 ($0.46) apiece.

Companies - Sat, July 19, 2025 | 4:38 pm GMT+7

Over 86 mln bank accounts in Vietnam to be terminated from September 1

Over 86 mln bank accounts in Vietnam to be terminated from September 1

More than 86 million bank accounts that have not been biometrically authenticated or have been 'frozen' for a long time will be deleted starting September 1 to prevent fraud and cybercrime.

Banking - Sat, July 19, 2025 | 12:02 pm GMT+7

Malaysia boosts investment in green technology, digital transformation

Malaysia boosts investment in green technology, digital transformation

Malaysia is unlocking high-impact investments at the intersection of sustainability and digital transformation, a key priority under the MADANI government’s green growth agenda.

Southeast Asia - Sat, July 19, 2025 | 11:59 am GMT+7

Indonesia expands retail network in Asia to boost exports

Indonesia expands retail network in Asia to boost exports

Indonesia has opened 2,400 retail stores in the Philippines and plans to expand into Malaysia, Bangladesh, and other Asian countries, Indonesian Trade Minister Budi Santoso said on Thursday.

Southeast Asia - Sat, July 19, 2025 | 11:57 am GMT+7

Southeast Asia IPO performance in Jan-June

Southeast Asia IPO performance in Jan-June

The first half of 2025 saw a measured rebound in Southeast Asia’s capital markets, underpinned by stabilizing macroeconomic conditions and renewed momentum in larger IPOs, particularly in Malaysia and Indonesia, write Deloitte analysts.

Consulting - Sat, July 19, 2025 | 11:41 am GMT+7

Vietnam's fund management market must be transparent, sustainable to allure investors: experts

Vietnam's fund management market must be transparent, sustainable to allure investors: experts

To spur the growth of Vietnam’s fund management industry, an open, transparent and fair playing field is needed for all participants, experts said at a seminar hosted by The Investor on Thursday.

Finance - Sat, July 19, 2025 | 9:32 am GMT+7

More data center investment to be poured into Vietnam: Cushman & Wakefield

More data center investment to be poured into Vietnam: Cushman & Wakefield

Vietnam is an ideal destination for data center investment and the country is expected to see further interest from international investors, according to consultancy firm Cushman & Wakefield.

Companies - Sat, July 19, 2025 | 9:00 am GMT+7

Vietnam's Ministry of Science and Technology works with Google to explore digital transformation, AI

Vietnam's Ministry of Science and Technology works with Google to explore digital transformation, AI

The Vietnamese Ministry of Science and Technology (MoST) has been working with Google to explore deeper cooperation in digital transformation, AI, and support for small and medium-sized enterprises (SMEs).

Companies - Sat, July 19, 2025 | 12:01 am GMT+7

Thailand hopes for US tariffs at levels comparable to other regional countries

Thailand hopes for US tariffs at levels comparable to other regional countries

Thai Deputy Prime Minister and Minister of Finance Pichai Chunhavajira on Friday expressed his expectation that the U.S.'s final reciprocal tariff rate imposed on Thailand's exports will align closely with other countries in the region, likely settling at approximately 20%.

Southeast Asia - Fri, July 18, 2025 | 11:53 pm GMT+7

Vietnam's central bank to assess compliance of banks in risk management

Vietnam's central bank to assess compliance of banks in risk management

The State Bank of Vietnam (SBV) will deploy monitoring measures and tools to assess the compliance of commercial banks in implementing requirements related to risk management, especially compliance with Basel III international banking standards, an SBV official said on Wednesday.

Banking - Fri, July 18, 2025 | 11:49 pm GMT+7

Malaysia aims to play key role in implementing ASEAN Power Grid

Malaysia aims to play key role in implementing ASEAN Power Grid

Malaysia is expected to assume a key role in the implementation of the ASEAN Power Grid (APG) starting next year, leveraging its strategic advantages to lead the regional initiative aimed at integrating electricity transmission networks across Southeast Asia.

Southeast Asia - Fri, July 18, 2025 | 11:36 pm GMT+7

Tran Duc Thang assigned to be acting Minister of Agriculture and Environment

Tran Duc Thang assigned to be acting Minister of Agriculture and Environment

Vietnam's Prime Minister Pham Minh Chinh has assigned Tran Duc Thang, a Party Central Committee member and standing Deputy Chief Inspector of the Government, to be acting Minister of Agriculture and Environment, starting from Thursday.

Politics - Fri, July 18, 2025 | 11:28 pm GMT+7

Gasoline vehicle market stalls as consumer sentiment wavers

Gasoline vehicle market stalls as consumer sentiment wavers

While the electric vehicle (EV) market is gaining momentum, dealers of gasoline-powered cars and motorbikes, both new and used, in Hanoi are facing a wave of order cancellations, vehicle returns, and even deposit forfeiting.

Companies - Fri, July 18, 2025 | 7:48 pm GMT+7

E10 fuel rollout marks key step in Vietnam’s green energy transition

E10 fuel rollout marks key step in Vietnam’s green energy transition

From January 1, 2026, all gasoline distributed across Vietnam must contain 10% ethanol, marking a pivotal milestone in the country’s shift toward green energy and its long-term carbon neutrality goals.

Companies - Fri, July 18, 2025 | 7:40 pm GMT+7

Vietnam's consumer finance major F88 wins M-CRIL’s gold-level client protection certification

Vietnam's consumer finance major F88 wins M-CRIL’s gold-level client protection certification

F88 Investment JSC (F88), a pioneering enterprise in the field of alternative finance in Vietnam, has once again reaffirmed its position by receiving the prestigious Gold-Level Client Protection Certification (CPC) from M-CRIL.

Companies - Fri, July 18, 2025 | 4:36 pm GMT+7