Chinese Company Undertakes $800 Million Project in Bac Ninh

Chinese conglomerate Victory Giant Technology has decided to invest over $800 million in a project focusing on research, development, production, and distribution of high-precision circuit boards in Bac Ninh, Vietnam.

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On March 19th, Mr. Vuong Quoc Tuan – Deputy Chairman of the Provincial People’s Committee of Bac Ninh province – had a working session at Victory Giant Technology Group.

Victory Giant Technology Group specializes in researching, developing, manufacturing, and trading high-precision printed circuit boards. The company’s products are widely used in fields such as computers, aerospace, automotive electronics, communication technology, consumer electronics, and industrial control. Currently, the group has established stable and long-term partnerships with more than 160 leading companies worldwide.

Leaders of Bac Ninh province visit Victory Giant Technology Group’s factory in China.

Currently, Victory Giant Technology Group has decided to invest in a factory in Bac Ninh 2 Industrial Park (Bac Ninh province) with an area of ​​10 hectares for research, development, production, and trading of high-precision circuit boards with an investment capital of over 800 million USD. The group will implement the project immediately after being handed over the land and start production and business operations in mid-2025. Therefore, the corporation hopes that Bac Ninh province will continue to pay attention and create favorable conditions for enterprises to invest and develop production in the area.

During the working session, Mr. Tuan witnessed the signing ceremony of the land lease agreement between Victory Giant Technology Group and VSIP Bac Ninh Industrial Infrastructure Company.

According to the Secretary of the Provincial Party Committee of Bac Ninh, Nguyen Anh Tuan, Victory Giant Technology Group is a large, reputable company from China with world-leading advanced technology, specializing in the production of electronic components and semiconductors.

Mr. Tuan hopes that Victory Giant Technology Group will soon implement the project in Bac Ninh province according to the plan, contributing to making Bac Ninh a leading locality in the development of the electronics industry in Vietnam. Bac Ninh province will always be a companion with the group in implementing the next steps and creating the most favorable conditions for the project to start operating soon.

SOURCEcafef
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