Chinese projector maker XGIMI to invest $13 mln in northern Vietnam
XGIMI, a China-based projector manufacturer, has received an investment registration certificate to invest $13 million in Vietnam’s northern province of Nam Dinh.
Accordingly, the firm will build a 5.67-hectare factory in the province's My Thuan industrial park.
XGIMI products at an exhibition. Photo courtesy of XGIMI.
XGIMI is set to complete administrative procedures by the second quarter of 2025, build the factory from Q2/2025-Q2/2026, install equipment and conduct trial production in Q2/2026-Q3/2026, and enter official operation in Q3/2026.
Once operational, the facility will have an annual capacity of 400,000 products.
Founded in 2013, XGIMI leads the Chinese market and has built up a network of over 5,000 stores across the globe. It is known for producing smart projectors, high-performance and multi-function televisions, and displays.
According to preliminary data from provincial authorities, Nam Dinh’s index of industrial production grew 14.29% year-on-year in the first half of 2024, while its gross regional domestic product growth was 8.56%.
In the first six months of 2024, Nam Dinh attracted $148.9 million in FDI, including $123.88 million in new investments and $25.1 million from capital injections for existing projects. The overall figure was up 17.5% year-on-year.
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