China’s Victory Giant Technology to run $260 mln plant in Vietnam from 2026

Victory Giant Technology, a Chinese electronics major, is set to begin official operation of its $260 million project in Vietnam’s northern province of Bac Ninh from 2026.

In a recent report, Victory Giant (Vietnam) Technology Co.,Ltd, under the Chinese firm, said it aims to complete administrative procedures for the project by the first quarter of 2025, build the factory in Q1/2025-Q1/2026, and install equipment and begin trial operation in April-September 2026. It is set to begin official operation from October 2026.

The project will cover 10.36 hectares in VSIP Bac Ninh II, an industrial park per the Vietnam-Singapore Industrial Park (VSIP) model.

Per yearly basis, the project will manufacture three million square meters of high precision multi-layer printed circuit board (PCB) and one million square meters of high-density interconnect PCB, and assemble 5,000 square meters of PCB items.

During construction, it will feature 200 workers. During production, it will employ 2,300 people, with a priority of recruiting local people, especially those graduating from colleges and universities.

Registered foreign direct investment (FDI) in Vietnam hit $20.52 billion in the first eight months of the year, up 7% year-on-year, according to the Ministry of Planning and Investment.

Locality-wise, the northern province of Bac Ninh was the most attractive FDI destination with $3.47 billion, a three-fold increase year-on-year and accounting for 16.9% of the national total.