Hong Kong firm Everwin to build $200-mln Nghe An electronics factory

By Tri Duc
Thu, September 22, 2022 | 3:24 pm GTM+7

Everwin Precision Technology Vietnam Ltd. is set to embark on construction of a $200-million electronic component factory in Nghe An province next month.

Its parent company, Hong Kong Everwin Precision Technology, is a supplier of components for Apple, Xiaomi, and Huawei.

The 43-hectare factory is located in the VSIP Nghe An Industrial Park, developed by Singapore’s Sembcorp Industries and Vietnam's Becamex.

VSIP Nghe An industrial park in Nghe An province, central Vietnam. Photo courtesy of the IP.

VSIP Nghe An industrial park in Nghe An province, central Vietnam. Photo courtesy of the IP.

The project was licensed in January 2021 with a designed output of 270 million items a year, all for export.

Its key products are metal components, cable wires, plastic parts of smart appliances and new-energy automobiles, among others. The project can employ 15,000 staff, including 1,000 expatriates.

According to local authorities, this project’s investment capital is the second-highest in the central province, on par with an electronic and automobile component factory by Taiwan-based Ju Teng International Holdings Limited and only behind an electronic component factory worth $500 million by Goertek.

The province has attracted $1.8 billion in registered foreign direct investment (FDI) since 2019. Notably, Goertek, Everwin, JuTeng, and Luxshare ICT announced investments of nearly $1.1 billion into the local electronics and technology sector.

Nguyen Duc Trung, Chairman of Nghe An, said at a conference last week that the province is accelerating preparations to welcome more FDI, including the development of 2,000 hectares of industrial land; transport infrastructure, including Cua Lo deep-water port; upgrading and expansion of Vinh Airport; sections of North-South Expressway; and a strong workforce of an additional 45,000 annually, including 30,000 trained staff.

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