China’s Universal Scientific Industrial to inject additional $2.8 mln into building Vietnam plant
Mainland China-based Universal Scientific Industrial (USI), an electronics supplier under Taiwan-based ASE Technology Holding, will pour VND70 billion ($2.8 million) more into its factory construction in Vietnam.
With the move, the construction value of USI’s phase 2 factory would go up to VND800 billion ($31.5 million), ASE Technology Holding said in a Friday filing with the Taiwan Stock Exchange (TWSE).
USI factory in Hai Phong city, northern Vietnam. Photo courtesy of USI.
The increase in construction budget aims to serve the “changes in demand,” according to ASE Technology Holding.
The construction contractor is ZYF Vietnam Construction, a subsidiary of China-based ZhongYifeng Construction Group.
USI started its investment in Vietnam in 2020 as it kicked off the construction of a $200 million factory in Vietnam’s northern coastal city of Hai Phong. In November 2024, the company received an investment registration certificate, the fifth edition, to up the total investment in Vietnam to $290 million.
The project will cover 6.5 hectares in Dinh Vu Industrial Park of Dinh Vu-Cat Hai Economic Zone.
For the additional investment, USI aims to install equipment in March-May 2025, run trial production in June-August 2025, and enter official operation in September 2025.
With the additional investment, USI will increase the factory’s annual output to 245 million items, including electronic components, bar code scanners, tablets, directional controllers, wireless communications products, cooling devices, electronic items for automobiles, among others.
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