Taiwan cooling solution firm AVC to spend $18 mln on building factory in Vietnam
Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will spend VND457.1 billion ($18 million) on building a second phase factory in Vietnam.
In a recent filing with the Taiwan Stock Exchange (TWSE), AVC said it signed an “additional construction contract” on behalf of its subsidiary AVC Tech (Vietnam) Co. Ltd. The counterparty to the contract is Chuangxing Construction Overseas Development Co., Ltd.
AVC factory in Ha Nam province, northern Vietnam. Photo courtesy of the firm.
AVC received its first investment registration certificate in Vietnam in October 2020. It acquired the latest certificate, the 10th adjustment to the original document, in October 2024, increasing the total investment to $400 million.
The project will cover 19.5 hectares in Dong Van III Industrial Park in the northern province of Ha Nam.
It has an annual output of 187.2 million items, including cooling devices, computer cases, computer fans, and computer servers. The first and second phases’ figures are 76.6 million and 40.3 million, while that of the third phase is 70.3 million.
Registered foreign direct investment (FDI) in Vietnam totaled $27.26 billion in the first 10 months of this year, up 1.9% year-on-year, according to the Ministry of Planning and Investment. Ha Nam ranked 17th with $500.1 million, up 24.3% year-on-year.
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