High-technology projects keep flowing to Vietnam

Though the world’s economy has to completely recover from the global financial crisis, high-technology investors, especially international groups, are still pouring money into projects in Vietnam.

Nokia, Wintek, HP and…

Wintek, a hi-tech development group, the touch screen producer for iPad has decided to set up a factory in Bac Giang province in the north of Vietnam. The Taiwanese group received a license to built the factory in Quang Chau industrial zone which has an investment capital of 250 million dollars.

As planned, the investment project would create 7000-8000 jobs when the factory becomes fully operational by 2013.

Meanwhile, Nokia, the biggest mobile phone manufacturer in the world, has announced the investment in the first mobile phone production factory in South East Asia which will be located in VSIP Industrial Zone in Bac Ninh province. The factory will have the initial investment of 280 million dollars which will increase in the next years. It plans to become operational by 2012 when it will have a capacity of 1.8 million products a month. The first products are expected to be churned out in early 2013, while 95 percent of the products will be exported.

As such, after Samsung, Nokia has become the second mobile phone manufacturer to set up factories in Vietnam.

The US-based Emerson has planned to develop a 20 million dollar project that will be in charge of making components for mobile phones. It is expected that the factory would be located in Trang Due Industrial Zone in Hai Phong.

In the south, HP Group received a license to develop a research and development (R&D) center in Quang Trung Software Park in HCM City which has a total investment capital of 10 million dollars. Another US group, First Solar, has decided to set up a solar panel factory capitalized at 300 million dollar in HCM City.

Made-in-Vietnam hi-tech products reaching out to the world

Many hi-tech products made in Vietnam have been exported to many countries in the world. Samsung mobile phone factory in Yen Phong Industrial Zone in Bac Ninh province exported two billion dollars worth of products in 2010, and it plans to raise the figure to three billion dollars in 2011.

The export value of the factory in Bac Ninh increasing rapidly because the factory has been making smart phones which are valuable on the market. This is a part of Samsung group’s strategy on disposing its force: the Samsung’s factory in South Korea is now focusing on making tablets, a hot product on the market.

Je Hyoung Park, General Director of Samsung Vina, believes that the factory would export 16 billion dollars worth of products by 2015. The consignments of mobile phones exported by Samsung Vina to the world bear the words: “made in Vietnam”.

Meanwhile, GES Vietnam in HCM City’s high-tech zone recently handed over two semi-conducting technology-based equipments to the Japanese partner Tokyo Electron. This is for the first time, such products made in Vietnam are exported. Meanwhile, the importer is a big semi-conductor manufacturer in Asia. According to experts, this showed that big hi-tech groups in the world now sees Vietnam as a more important market in the global value chain. The manufacturers not only aim to set up factories in Vietnam to make products for products, but they also aim to do R&D. – Vietnamnet