FUTURE TURNKEY ELECTRONICS MANUFACTURING CENTER IN VIETNAM
Within Vietnam, electronic facilities have concentrated in a few geographic hubs. Ho Chi Minh city attracted early entrants to Intel and Samsung, with firms like Nidec and Jabil soon following. The largest investment capital, however, developed in the northern provinces that ring Hanoi. More recently, firms have been drawn to the port city of Haiphong, the country’s third-largest city. The city’s close proximity to other manufacturing clusters, its deep-water port, and its expressway providing a 12-hour trucking route to China’s electronics epicenter in Shenzhen are helping make the city Vietnam’s new high-tech production center.
In 2019, LG Electronics moved its entire smartphone production line from South Korea to Haiphong and in 2020 Pegatron reportedly chose the city for its $1 billion investment plan. Local phone manufacturer VinSmart is also producing the country’s first 5G smartphones in Hải Phòng. USI (a subsidiary of Taiwan-based ASE Holding), broke ground on its first production base in Southeast Asia, a $200 million phase one investment that will manufacture and assemble chips for wearable electronic devices.USI, which is moving into the internationally managed DEEP C Industrial Zones in Haiphong, is “intended to move us closer to our overseas customers and accommodate their ever-increasing demand. North Vietnam, with its strategic geographical position and an extended infrastructure in place, offers USI an optimal way to facilitate fast and flexible response to customers' orders,” according to Mr. Kuei Chun Chi, the firm’s Manufacturing Service Director.
With the aim to provide investors with an overview of Vietnamese electronics landscapes, as well as the enormous capacity of DEEP C Industrial Zones, "Future Turnkey Electronics Manufacturing Center in Vietnam" covers 3 parts.