Taiwan cooling solution firm AVC doubles Vietnam investment to $400 mln

Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will increase its investment in Vietnam’s northern province of Ha Nam to $400 million.

The firm has recently received an investment registration certificate for the move from Ha Nam authorities.

It is the 10th adjustment to its initial investment licensed in October 2020. The project will cover 19.5 hectares in Dong Van III Industrial Park of the province.

The project, conducted by Avc Technology (Vietnam) Company Limited, features three phases of $165 million, $35 million, and $200 million. The first and second phased entered official operation in September 2022 and October 2024, respectively.

The two parts of the $200-million third phase are set to enter operation in March 2025 and October 2026.

The project has an annual output of 187.2 million items, including cooling devices, computer cases, computer fans, and computer servers. The first and second phases’ figures are 76.6 million and 40.3 million, while that of the third phase is 70.3 million.

The project now employs 4,500 people and can increase the employment to 7,335 in line with the additional investment.

Registered foreign direct investment (FDI) in Vietnam totaled $24.78 billion in the first nine months of this year, up 11.6% year-on-year, according to the Ministry of Planning and Investment. Ha Nam ranked 17th with $443 million, up 10% year-on-year.

Source: theinvestor
27/10/2024