High-technology projects keep flowing to Vietnam

Published: 04/04/2011 05:00

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VietNamNet
Bridge – 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.

C. V

Provide by Vietnam Travel

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