Taiwan power conversion producer P-Duke invests $8 mln in northern Vietnam
P-Duke Technology, a Taiwan-based producer of power conversion products, has been approved to invest $8 million in building a factory in Nam Dinh province.
The provincial authorities granted an investment certificate to the Taiwanese firm on Saturday. The 3.2-hectare factory in My Thuan Industrial Park, with a duration of 48 years, is set to enter the first-phase production in October 2025 with a designed annual capacity of 11 tons of power inverters, 4.9 tons of inductors, 19.6 tons of power adapters.
Its second phase is set to begin construction in January 2031 and become operational in January 2032, with a designed annual capacity of 4.7 tons of power inverters, 2.1 tons of inductors, 8.4 tons of power adapters.
Nam Dinh Vice Chairman Tran Anh Dung (center, behind) at an agreement signing ceremony between P-Duke and My Thuan Industrial Park in the province, northern Vietnam, October 21, 2023. Photo courtesy of Nam Dinh newspaper.
Addressing the event, Nam Dinh's Vice Chairman Tran Anh Dung highlighted P-Duke’s investment is another achievement of the province in facilitating high-tech and eco-friendly investments. He also requested relevant agencies to cooperate with the investor in deploying the investment.
In the year to September 20, Nam Dinh province attracted $320.3 million of foreign direct investment, the 15th-highest figure among FDI recipients nationwide and up 672% year-on-year, according to the Ministry of Planning and Investment. So far, the province has attracted $3.94 billion in 137 valid FDI projects, ranking 26th nationwide in terms of value.
My Thuan Industrial Park is a bright spot of attracting FDI in Nam Dinh province. In August, Taiwan's housewares maker JiaWei said it would invest $100 million in building a plant in the industrial park. Also in August, Sunrise Material, a Singapore-based polymer food packaging company, said it would invest $100 million in a factory in the facility.
In May, Nam Dinh granted an investment certificate for Apple supplier Quanta Computer to build a $120-million factory in the province, the Taiwanese firm's first in Vietnam and ninth worldwide. The plant, located in My Thuan Industrial Park, is set to manufacture 1.3 million laptops and desktop computers in 2024, 2.6 million in 2025, 3.6 million in 2026, 4 million in 2027, and 4.5 million in 2028.
- Related News
- Read More
Dai Quang Minh proposes $266 mln shipping channel project in central Vietnam hub Danang
Authorities in the central Vietnam city of Danang have granted in-principle approval for the nearly VND7 trillion ($266 million) Cua Lo shipping channel project, under a build-transfer (BT) model.
Infrastructure - Mon, June 1, 2026 | 8:23 am GMT+7
Singapore's leading firms seek to expand investments in Vietnam
Leading Singaporean companies, including CapitaLand, Sembcorp, SATS, SEA Limited, Keppel and UOB, have expressed interest in expanding investments in Vietnam across sectors ranging from green urban development and industrial real estate to logistics, data centers, digital finance and next-generation industrial parks.
Economy - Sun, May 31, 2026 | 8:23 pm GMT+7
Vietnam steelmaker Ton Dong A eyes Q3 mainboard listing, bond issuance for expansion drive
Ton Dong A Corporation (UPCoM: GDA), one of Vietnam's leading galvanized steel manufacturers, has unveiled plans for a mainboard listing on the Ho Chi Minh Stock Exchange (HoSE) alongside a multi-factory expansion strategy to capture high-value industrial manufacturing segments.
Companies - Sun, May 31, 2026 | 2:20 pm GMT+7
PTSC plans capital hike to $233 mln through stock dividend issue
PetroVietnam Technical Services Corporation (PTSC), a unit of state-owned energy group Petrovietnam, plans to raise its charter capital to more than VND6.14 trillion ($233 million) through a stock dividend issuance to strengthen its financial position and support a pipeline of major oil, gas and renewable energy projects.
Companies - Sun, May 31, 2026 | 8:26 am GMT+7
Vietnam's real estate developer Novaland seeks creditor waiver on $300 mln offshore bond
Embattled Vietnamese property developer Novaland (HoSE: NVL) is seeking a waiver on upcoming payment obligations for its $300 million international bond package, as the company pushes to restructure its offshore debts.
Companies - Sun, May 31, 2026 | 7:54 am GMT+7
Vietnam competition watchdog intervenes, Shopee delays new fee policy
Shopee has postponed the rollout of a new fee policy under its "Visibility Maintenance Program" after Vietnam's competition regulator raised concerns over its impact on sellers and market competition.
Companies - Sat, May 30, 2026 | 10:31 pm GMT+7
International media highlight Vietnamese top leader's keynote address at Shangri-La Dialogue
The keynote policy address delivered by Vietnam's Party General Secretary and President To Lam at the opening session of the 23rd Shangri-La Dialogue in Singapore on Friday has drawn wide attention from international media outlets and observers.
Politics - Sat, May 30, 2026 | 10:09 pm GMT+7
Vietnam, Singapore expand VSIP network, deepen next-generation economic cooperation
Vietnam and Singapore have agreed to deepen economic cooperation and expand the Vietnam-Singapore Industrial Park (VSIP) network, with five new VSIP projects receiving investment certificates during a state visit by Vietnam's top leader To Lam to Singapore.
Economy - Sat, May 30, 2026 | 9:49 pm GMT+7
Japan conglomerate Mitani Sangyo eyes agricultural processing investment in central Vietnam
Mitani Sangyo Co., a diversified trading and manufacturing group with nearly a century of history, is exploring agricultural processing opportunities in Dak Lak province, central Vietnam as part of efforts to promote deeper value-added production and a circular economy.
Industries - Sat, May 30, 2026 | 2:52 pm GMT+7
FPT signs six AI transformation partnerships with major Thai, Singaporean groups
Vietnam's leading technology company FPT has signed six strategic agreements on AI and digital transformation with leading corporations in Thailand and Singapore across the agriculture-food, manufacturing, banking, energy, logistics and ground-handling sectors.
Companies - Sat, May 30, 2026 | 10:26 am GMT+7
Rubber prices surge, Vietnamese producers remain cautious on new upcycle
Global natural rubber prices have climbed back to peaks last seen in 2017 as seasonal supply shortages and rising stockpiling demand tighten the market, but most Vietnamese rubber producers remain cautious about prospects for a sustained upcycle in 2026.
Companies - Sat, May 30, 2026 | 8:17 am GMT+7
SHB charts path toward becoming next-generation national-scale bank
Saigon-Hanoi Commercial Joint Stock Bank (SHB) is positioning itself as a “next-generation national-scale bank,” a strategy that reflects its ambition to expand beyond traditional banking and play a broader role in Vietnam’s economic development.
Banking - Fri, May 29, 2026 | 7:50 pm GMT+7
Vietnam’s mid-sized lender OCB names tech veteran Chris Shayan acting CEO
Orient Commercial Joint Stock Bank (HoSE: OCB) has appointed foreign AI and financial technology expert Chris Shayan as its new acting CEO, effective June 1, 2026.
Banking - Fri, May 29, 2026 | 6:05 pm GMT+7
MB wins 5 Sao Khue awards for digital banking solutions
Military Commercial Joint Stock Bank (MB) has won five Sao Khue Awards 2026 for its digital banking products and technology solutions, marking the eighth consecutive year the lender has been honored at one of Vietnam’s most prestigious information technology and digital transformation awards.
Companies - Fri, May 29, 2026 | 4:51 pm GMT+7
Phat Dat deposits $34 mln to join Lotte in mega project in HCMC
Phat Dat Real Estate Development Corporation (HoSE: PDR) has transferred a VND900 billion ($34.19 million) deposit to advance a potential partnership with Lotte’s unit in the development of the Thu Thiem Eco Smart City project in Ho Chi Minh City.
Real Estate - Fri, May 29, 2026 | 4:01 pm GMT+7
Herbalife’s Vietnam earnings hit $77.5 mln in Q1
Herbalife, a global multi-level marketing corporation selling dietary supplements, recorded $77.5 million in net sales in Vietnam in the first quarter of 2026, according to its filing to the U.S. Securities and Exchange Commission (SEC).
Companies - Fri, May 29, 2026 | 3:00 pm GMT+7
