US$105 Mln Electronics Project Kicked Off in Vinh Phuc Province

The Vinh Phuc Industrial Zones Management Board recently hosted a signing ceremony for a US$105 million electronics manufacturing project agreement between CNCTech Group and UTI Vina Vinh Phuc Co., Ltd.

The signing ceremony was attended by Mr. Tran Duy Dong, Chairman of the Provincial People's Committee, as well as leaders of provincial and local agencies.

CNCTech Group, a leading supporting industrial manufacturer in Vietnam, is a major investor and developer of industrial infrastructure in the province with a total industrial land fund of more than 600 ha.

In industrial infrastructure services, the group provides comprehensive industrial solutions for investors such as legal support for foreign investors in Vietnam, turnkey design and construction, support for equipment import and human resource recruitment. CNCTech is a trusted partner of many foreign investors in building manufacturing facilities in Vietnam.

UTI Vina Vinh Phuc Co., Ltd is a 100% South Korean-invested manufacturer of electronic components. The company supplies high-tech products and solutions for large electronics corporations in the world.

Following the success of its UTI Thai Nguyen project, in 2024, UTI continued to invest US$35 million in a project in Vinh Phuc province in the first phase. Currently, UTI is expanding the second phase of the project with a total investment capital of US$105 million.

Speaking at the signing ceremony, Tran Duy Dong affirmed that this important project would contribute to local development, especially in electricity and electronics fields, in line with the province’s industrial development planning. To launch the project soon, he assigned the Vinh Phuc Industrial Zones Management Board and the Department of Finance to coordinate with relevant bodies to provide investment information, human resources and guidance for the investor to carry out necessary investment procedures.

He requested CNCTech Group to provide comprehensive industrial solutions and ensure the best infrastructure for the investor.

By Le Hien, Vietnam Business Forum