CNCTech Aims to Become Leading Industrial Manufacturer in Vietnam

10:01:14 AM | 30/11/2022

CNCTech Group is classified among the top 3 companies in Vietnam in production by the Japan External Trade Organization (JETRO). Currently, CNCTech has many factories in dynamic industrial localities such as Hanoi, Ho Chi Minh City, Da Nang, Binh Duong and Bac Ninh.

At Thang Long Vinh Phuc Industrial Park, CNCTech Group basically completed construction of the first phase of the VND466-billion Thang Long CNCTech factory - the first DDI project approved for investment in the industrial park invested by Sumitomo Japan. CNCTech is working to expand the scale by 8.2 ha and increase the investment capital by VND298 billion. This is a modern technology production center with a yearly output of 3.5 million products. It supplies products for electronics, telecom, automobile, motorbike and logistics industries to domestic and foreign manufacturers.

Mr. Vu Chi Giang, Vice Chairman of Vinh Phuc Provincial People's Committee, affirmed that the inauguration of Thang Long CNCTech Industrial Complex is expected to anticipate development trends of supporting industries of Vietnamese enterprises in Vinh Phuc province and help improve industrial production value, increase employment for local people, pay taxes to the State Budget, and contribute to local socioeconomic development. He affirmed that the province will consistently reform administrative procedures, improve the investment environment and attract businesses, including DDI enterprises.

Currently, CNCTech Thang Long is installed with 128 processing machines, 80 plastic injection machines and SMT lines and applied with IATE 16949 global quality standards to expand parts manufacturing for the automotive industry. Up to 80% of its output products will be supplied to automobile, motorcycle, electronics and telecommunications firms of Japan, the United States, Israel and the European Union and to leading Vietnamese companies such as VNPT Group, Viettel Group, Vietnam Post Corporation and Rang Dong Company.

The company also cooperated with DB Schenker Company, one of the world-leading transportation companies, to develop and operate a bonded warehouse and offer services to leading U.S. and international electronic goods. In particular, this is the first bonded warehouse system of TAPA level A certification in Vietnam.

Besides, CNCTech is boosting investment cooperation in electronics, telecommunications and consumer products with major partners from Hong Kong (China), Japan and South Korea such as Mentech Electronics Joint Stock Company that manufactures DC adapters and electronic components, Thien Quang Electronic Joint Stock Company that makes and exports high-quality cameras for European and American markets, VINECO Telecommunication Systems Joint Stock Company that manufactures terminal equipment, and Vietnam CNC Technology Application Joint Stock Company that designs and manufactures automatic lines.

To move toward green and sustainable development, CNCTech has opted for clean production, invested in modern production lines, adopted ISO 14001 standards, and installed solar battery systems. At the same time, the company has sought opportunities for cooperation in social housing development; and strongly developed construction infrastructure and technology services for factories. With continuous innovations, CNCTech wishes to improve and perfect its technology and management capabilities to bring excellent products and perfect services, establish effective investment channels and a friendly working environment, and create a beautiful, prosperous community.

By Tran Ngoc, Vietnam Business Forum