Mitac International Corporation is a foreign enterprise specializing in investing and manufacturing electronic devices and components. Recognizing Vietnam as a potential market with a stable investment environment and favorable investment procedures, Mitac has decided to invest in the “Mitac Computers (Vietnam)” project on a part of land CN02, Support Industrial Zone Nam Hanoi Phase I, Phu Xuyen District, Hanoi City, Vietnam.
At the beginning of 2024, Mitac established Mitac Technology Co., Ltd. (Vietnam) as the representative unit to implement the project in Vietnam.
The project “Mitac Computers (Vietnam)” has been granted an investment registration certificate by the Hanoi Management Board of Industrial and Export Processing Zones. The project’s objectives are the production of electronic components, the production of personal computers and computer peripherals, the production of optical equipment and tools, the production of communication equipment, and other business support services not yet specified.
The project is registered to export 100% of its products. The total capacity of the project is 4.93 million products per year, equivalent to 3,553 tons of products per year, as follows:
The total area of land for implementing the project is 79,265 m2 with a total investment capital of nearly VND 1,560 billion, equivalent to USD 66 million.
Mitac International Corporation’s contributed capital to the company in Vietnam is nearly VND 1,000 billion, equivalent to USD 42.4 million.
Of which, USD 12 million is contributed within 90 days from the date of issuance of the enterprise registration certificate; USD 20 million is contributed by June 2025 and USD 10.2 million is contributed by December 2031.
The mobilized capital is VND 562 billion, equivalent to USD 23.77 million.
Mitac is expected to complete administrative procedures in September 2024, commence construction from October 2024, and put part of the factory into production in June 2025.
The project will complete the investment and put the entire operation into operation from December 2031.
Mitac International Corporation is a subsidiary of Mitac Holdings Corporation. According to the figures from Mitac Holdings, the group’s revenue in 2023 is about USD 1.13 billion. The market capitalization value of Mitac is about USD 1.68 billion.
