Taiwan’s cooling module maker Asia Vital Components (AVC) plans to expand investment and production in Vietnam to meet growing demand from its U.S. customers.
This information was reported Thursday by Digitimes, a Taiwan-based news platform tracking electronics manufacturing, citing AVC chairman Shen Ching Hang. The report did not elaborate on the scale or quantum of the planned expansion.
AVC Vietnam, the company’s Vietnam subsidiary, operates a $50 million production plant covering 10 hectares at the Dong Van 3 Industrial Park in Ha Nam province near Hanoi, according to provincial data.
The plant started commercial operations in October 2020, employing around 1,500 workers, local media reported in late June. The report said that the plant, which makes cooling devices, computer fans and cases for export, was looking to expand its labor force signficantly.
It quoted AVC Vietnam’s human resources director Vu Duy Quyet as saying that the company needed another 1,500 workers soon. Quyet added that the company could be looking to employ a total of around 6,000 workers at the beginning of 2024.
AVC Vietnam has repeatedly run labor recruitment announcements on its Facebook page.