Work begins on two hi-tech factories in Bac Ninh province

The first project is developed by China’s Victory Giant Technology which specialises in the research, development, production, and sales of high-precision printed circuit boards (PCBs), HDI, FPC, and Rigid-Flex circuit boards. These products play a crucial role in artificial intelligence, large-scale data centres, industrial internet, green energy automobiles, next-generation communication technology, aerospace, and medical equipment.

With a total investment of 520 million USD, the factory is designed to produce 4 million square metres of PCBs annually, generating an estimated production value of 900 million USD and significantly contributing to Vietnam’s high-precision PCB manufacturing industry.

Highlighting the province’s favourable investment environment, Chairman of the provincial People’s Committee Vuong Quoc Tuan expressed his hope that Victory Giant Technology would swiftly complete the necessary procedures to begin construction and commence production. He also urged the company to adhere to legal regulations, foster a strong corporate culture, and ensure welfare for its workers.

Chairman of the provincial People’s Committee Vuong Quoc Tuan speaks at the event. (Photo: VNA)

Tuan reaffirmed Bac Ninh’s commitment to supporting businesses with a partnership-driven approach. In response to the company's proposal, the province has submitted a request to the government for approval to develop dormitories for workers.

Meanwhile, Green Precision, a China-based high-tech enterprise, specialises in the research, design, and production of precision components for electronic consumer products, including speakers, mobile phones, tablets, and electronic payment devices.

The company's factory in Bac Ninh has a total investment of 121 million USD. It is expected to commence operations in the second quarter of 2026, with an estimated annual production capacity of 62 million products and a projected production value of 413 million USD.

Tuan underscored the significance of this project, expressing his optimism that, once operational, it would generate substantial production value and positively contribute to the province’s economic growth.

Since the beginning of this year, Bac Ninh has attracted approximately 1.45 billion USD in foreign direct investment (FDI). To date, the province has granted investment registration certificates to over 2,400 valid FDI projects, with a total registered capital of 31.3 billion USD, ranking 7th nationwide in terms of investment attraction.