Solum Electronics Vietnam Generates Nearly 3,000 Stable Jobs

In late November 2022, the Vinh Phuc Industrial Zones Management Board granted the 5th revised investment license to Solum Electronics Vietnam to increase its investment capital from US$155 million in 2023, up from US$10 million in 2016. This demonstrated its remarkable growth despite facing challenges. In 2022, the company achieved revenue of US$1.3 billion.

Mr. Le Duy Thanh, Chairman of the People’s Committee of Vinh Phuc Province, attends a product presentation by Solum Vina Co., Ltd

Mr. Ha Jae Hak, General Director of Solum Electronics Vietnam Co., Ltd, said: “The company’s achievements prove the support and companionship of the Vinh Phuc government, especially in helping companies to overcome their emerging challenges. The company will continuously promote its existing strengths and constantly apply advanced technologies to products to make bigger contributions to Vinh Phuc province’s socio-economic development.”

On May 13, 2023, Mr. Le Duy Thanh, Chairman of the Provincial People’s Committee, visited Solum Electronics Vietnam Co., Ltd and appreciated the company’s achievements. He said that the company’s success was attributed to its business strategies suitable for customers and markets, its regular technological improvement and application to production, and its unity and determination to achieve its business goals. He suggested that the company pay more attention to ongoing research and human resource development to further enhance its current results. He advised the company to seek human resources from local vocational training schools. He also said that the province was willing to facilitate Solum Vina to build a local high-tech research and development center.

 The company is currently manufacturing some new products such as electric vehicle chargers, smart lights and vehicle batteries to meet market needs. This move matches the investment attraction policy and helps develop supporting industries for electronic products in Vinh Phuc province. The firm aims for US$2.2 billion in revenue in 2023.

Source: Vietnam Business Forum