Victory Giant Technology to invest $800 million in Bac Ninh
Victory Giant Technology is to invest in a high-precision, printed circuit boards project in the northern province of Bac Ninh, according Vuong Quoc Tuan, standing Deputy Chairman of Bac Ninh People's Committee following a meeting at the Chinese manufacturer's factory in Guangdong province on March 19, during Tuan's visit to the country.
Victory Giant Technology specialises in the research and development, production, and sales of high-precision, printed circuit boards. Its products are widely applied in computers, aerospace, automotive electronics, communications, consumer electronics, industrial control, and medical equipment. It has established long-term and stable partnerships with more than 160 major companies around the world.
The Chinese firm has decided to invest in a 10-hectare factory in Vietnam-Singapore Industrial Park (VSIP) Bac Ninh 2, with an investment totalling $800 million.
The project is slated to begin production in mid-2025, with support from Bac Ninh to facilitate implementation.
"Victory Giant Technology is a reputable Chinese group specialising in the production of electronic components and semiconductors using some of the world's most-advanced technology," said Tuan.
"This project will make Bac Ninh the leader in Vietnam’s electronics manufacturing industry, and the province will assist the group in implementing the next steps and create the best possible environment for the project to go into operation as soon as possible," he added.
By Thanh Van
Source: VIR
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