Vietnam’s electronics sector lures substantial capital influx

Electronics manufacturers from elsewhere in Asia are boosting their investment in Vietnam, reflecting the close integration of the electronics industry with the broader regional supply chain ecosystem.

- By Oanh Van

Taiwanese electronics manufacturer Quanta Computer, a major contract assembler of Apple’s MacBooks, is waiting for approval from Ninh Binh People’s Committee to double its total investment in the province.

Once approval is obtained, the total investment of Quanta will increase to $240 million. The group will construct a second factory, with operations expected to begin in 2028.

Located in the My Thuan Industrial Park (IP), the facility will bring the plant’s total annual capacity to 9 million computers and 1.5 million electronic component products.

Meanwhile, Taiwanese electronics maker Lite-On Technology plans to inject an additional $149 million into its wholly owned subsidiaries in Vietnam to expand production capacity and strengthen its manufacturing footprint.

The company will allocate $110 million to Lite-On Vietnam to support capacity expansion. Another $39 million will be spent on factory construction and operating expenses in the northern province of Quang Ninh, according to filings with the Taiwan Stock Exchange in April.

Its facility in Quang Ninh’s investment in phase two will be completed in 2028, bringing the capacity to more than 95 million products a year. By 2030, the group will complete the entire facility with a total capacity approximating 124 million products annually.

Last month, AVC Vietnam Science and Technology, a subsidiary of AVC Group, broke ground on an electronic component manufacturing plant in Ninh Binh province, with a total investment of up to $600 million.

Spanning 461,000sq.m at the Kim Bang 1 IP, the factory is capable of producing more than 84 million units annually, equivalent to over 3.1 million tonnes of products.