Taiwanese touch device firm eyes $30 mln factory in Bac Ninh
TES Touch Embedded Solutions (Xiamen), a Taiwanese firm specializing in touch displays and devices, is eyeing to build a $30 million factory in the northern province of Bac Ninh.
The three-four hectare plant is part of the firm’s plan to relocate its production and research & development (R&D) activities to Vietnam, a company executive told Bac Ninh authorities at a meeting Tuesday.
TES, founded in 2015 with headquarters in China's Xiamen city, has manufacturing plants in Xiamen and Tainan, and R&D centers in Xiamen, Taipei, Shenzhen and the U.S.
Representatives of TES Touch Embedded Solutions meet Bac Ninh authorities in the northern province on October 25, 2022. Photo courtesy of Bac Ninh newspaper.
Bac Ninh currently has 16 industrial parks with a total investment of $23 billion from 39 foreign countries and territories in 16 sectors, official data shows. It is home to 55 Taiwanese-invested projects worth $600 million including Foxconn, Fushan, and Sunfar.
The province attracted 85 foreign-invested projects with total registered capital of $169.5 million in the first nine months of this year, down 13.4% and 67.5% year-on-year, respectively.
Bac Ninh, home to a Samsung plant, is an emerging industrial hub in northern Vietnam, together with Hanoi, Haiphong, Hai Duong, Vinh Phuc, and Thai Nguyen.
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