Two high-tech projects worth $640 mln break ground in northern Vietnam
Two Chinese-invested, high-tech projects worth a total of $640 million broke ground on Sunday at the VSIP Bac Ninh II Industrial Park in Bac Ninh province.
The groundbreaking ceremony of Victory Giant Technology Vietnam factory, with the attendance of Vuong Quoc Tuan, an alternate member of the Party Central Committee and Bac Ninh province's deputy Party chief and Chairman, in the province, northern Vietnam, March 30, 2025. Photo courtesy of Bac Ninh newspaper.
The first is the $520 million Victory Giant Technology Vietnam factory project, invested by the Guangdong-based Victory Giant Technology Joint Stock Company.
The total expected output of this factory will reach 4 million square meters of high-precision printed circuit boards and an estimated value of about $900 million.
The project will be implemented in two phases. Phase 1 (2024-2026) has an investment of $260 million, while it is $260 million for phase 2 (2027-2030).
Products at the factory will be widely used in such fields as AI, big data centers, industrial Internet, green energy cars, new-generation communication technology, aerospace, and medical equipment.
Victory Giant specializes in R&D, production and trading of high-precision, multi-layer PCB boards, HDI, FPC and Rigid-Flex flexible circuit boards.
The second to break ground on the same day is a project of Green Precision Manufacturing Vietnam Co., Ltd., also located in the VSIP Bac Ninh II.
This Chinese-backed, high-tech company specializes in researching, designing and manufacturing precision structural components for electronic consumer products, such as speakers, phones, tablets, and electronic payment devices.
The groound-breaking ceremony of Green Precision Manufacturing Vietnam Co., Ltd. in Bac Ninh provice, northern Vietnam, March 31, 2025. Photo courtesy of Bac Ninh newspaper.
The Green Precision factory project was granted an investment registration license by the Bac Ninh Industrial Park Management Board on November 7, 2024, with total investment capital of $121 million.
It is expected to start operation in the second quarter of 2026, with production capacity of 62 million products worth about $413 million a year.
Bac Ninh attracted $1.44 billion in registered FDI in the first two months of the year, 3.8 times higher than the same period last year, according to local official data. The province ranked first in two-month registered FDI.
The province granted investment certificates to 48 new FDI projects in the period, of which 30 projects came from China and seven from Singapore.
Bac Ninh has licensed 2,459 FDI projects which remain valid, with total registered investment capital of $31.29 billion from 41 countries and territories, ranking seventh in the country.
- Read More
Samsung Vietnam seeks VAT refund for HCMC subsidiary
Samsung Vietnam CEO Na Ki-hong brought up the issue of value-added tax (VAT) refunds for Samsung Electronics HCMC CE Complex (SEHC) in Ho Chi Minh City at his working session with Minister of Finance Nguyen Van Thang on Thursday.
Companies - Sat, May 24, 2025 | 2:48 pm GMT+7
Hundreds of wind, solar power investors petition Vietnam authorities to uphold feed-in tariffs
Investors and financial institutions related to 173 wind and solar power projects in Vietnam have called on the government to maintain the feed-in tariffs (FIT) and commercial operation dates (COD) previously recognized.
Energy - Sat, May 24, 2025 | 12:30 pm GMT+7
Why Vietnam struggles to attract private aviation investment
Vietnam’s aviation sector has grown rapidly, but its airport infrastructure struggles to keep up with rising demand, posing challenges for expansion and efficiency, writes Dr Chu Thanh Tuan, associate program manager of the Undergraduate Business Program at RMIT Vietnam.
Consulting - Sat, May 24, 2025 | 8:00 am GMT+7
Sun Group seeks support to accelerate 2 urban area projects in southern Vietnam
Sun Group, a leading real estate developer in Vietnam, on Thursday asked Binh Duong province authorities for more support to speed up its two major urban area projects.
Real Estate - Fri, May 23, 2025 | 11:16 pm GMT+7
Hyundai Life enters Vietnam’s consumer goods market
Hyundai Life, a subsidiary of South Korea's top-tier industrial brand Hyundai Corporation Holdings, has officially entered the Vietnamese market, launching three product lines: home appliances, lighting equipment, and smart door locks.
Companies - Fri, May 23, 2025 | 10:44 pm GMT+7
China’s C&D Group plans $2 bln paper, pulp facility in central Vietnam
C&D Group of China, which ranks 85th on the Fortune Global 500, has proposed a $2 billion finished paper and pulp facility in Vietnam’s central province of Quang Binh.
Industries - Fri, May 23, 2025 | 4:50 pm GMT+7
Logistics, free trade zone projects proposed for My Thuy Port area in central Vietnam
My Thuy International Port Joint Venture Company (MTIP) has proposed studying several projects associated with its investment in My Thuy Port of Quang Tri province, central Vietnam.
Infrastructure - Fri, May 23, 2025 | 3:10 pm GMT+7
Packaging plays key role in attracting Thai consumers: Central Retail exec
Vietnamese businesses need to prioritize eco-friendly and modern packaging designs to appeal to Thai consumers, said Chailermchai Pornsiripiyakool, head of CSR & international corporate affairs at Central Retail.
Companies - Fri, May 23, 2025 | 2:41 pm GMT+7
VSIP eyes $86 mln residential project in central Vietnam
VSIP Nghe An Co. Ltd., the developer behind facilities under the Vietnam-Singapore Industrial Park (VSIP) model, has proposed a VND2.24 trillion ($86.3 million) residential area project in the central province of Nghe An.
Real Estate - Fri, May 23, 2025 | 1:16 pm GMT+7
Is Vietnam's steel major SMC emerging from shadows?
Steel manufacturer SMC Trading Investment JSC (HoSE: SMC) has dodged delisting, but its path to recovery remains rocky as the steel industry grapples with mounting challenges.
Companies - Fri, May 23, 2025 | 12:08 pm GMT+7
Thailand sees car sales bounce back after nearly 2 years
Domestic car sales in Thailand rose by 1% year-on-year in April, the first increase in 23 months, according to the Federation of Thai Industries (FTI).
Southeast Asia - Fri, May 23, 2025 | 8:51 am GMT+7
US set to impose steep tariffs on solar panel imports from Southeast Asia
The US International Trade Commission (ITC) determined on May 20 that domestic solar panel makers were materially harmed or threatened by a flood of cheap imports from four Southeast Asian nations, bringing the US a step closer to imposing stiff duties on those goods.
Companies - Fri, May 23, 2025 | 8:50 am GMT+7
Singapore launches five-year study on depression
Singapore’s Institute of Mental Health (IMH) has initiated a five-year study to look at the causes of depression among adults in the country, with the aim of finding ways to prevent it or halt its trajectory.
Southeast Asia - Fri, May 23, 2025 | 8:47 am GMT+7
Thailand aims to cut US trade gap by $15 bln
Thailand expects to reduce its trade surplus with the U.S. by as much as $15 billion a year, or one-third, with its recent initiatives to prevent the misuse of origin rules for exports, according to Thai Deputy Prime Minister and Finance Minister Pichai Chunhavajira.
Southeast Asia - Fri, May 23, 2025 | 8:45 am GMT+7
Q1 revenue of LG Electronics’s Vietnam factories fall 12% to $2 bln
LG Electronics’s factories in Vietnam, both in the northern port city of Hai Phong, recorded a total revenue of KRW2.84 trillion ($2.05 billion) in the first quarter of this year, down 12.3% year-on-year.
Companies - Fri, May 23, 2025 | 8:31 am GMT+7
'Reversal signal' from foreign investors after 2 years of net selling
Despite a persistent net selling trend since the start of the year, foreign investor activity in the first half of May has been described by several analysis groups as signaling a potential “reversal” after two years of consistent divestment.
Finance - Thu, May 22, 2025 | 10:51 pm GMT+7
