USI decided to base its expansion project in Hai Phong to take advantage of strategic geographical location, competitive labour costs and economic zone tax incentives. — Photo courtesy of Deep C
The Universal Scientific Industrial Vietnam Company Ltd was granted an Investment Registration Certificate for the construction of an electronic manufacturing facility.
The licence was granted by Hai Phong Economic Zone Authority in the northern Port City of Hai Phong.
Universal Scientific Industrial Vietnam Company Ltd is a wholly-owned sub-subsidiary of Universal Scientific Industrial (Shanghai) Co Ltd (USI). USI is a global electronics designer and manufacturer and has been listed on the Shanghai Stock Exchange since 2012.
USI decided to land its expansion project in Hai Phong to take advantage of its strategic geographical location, competitive labour costs, economic zone tax incentives to reduce its overall production costs, as a result, enhance profitability and competitiveness. This latest move matches its strategic development plan to strengthen its global presence and quickly respond to overseas clients’ demand.
USI’s new facility will be built on a 6.5 hectares area in DEEP C Industrial Zones, Dinh Vu – Cat Hai Economic Zone, Hai Phong with the total investment of US$200 million in the first phase. In mass production stage, USI will supply wearable electronic device boards to overseas market, create thousands of local jobs and leverage technology and drive digital transformation of Hai Phong. USI’s investment in DEEP C is expected to drive more high-tech projects, thus lay the foundation for the birth of a new electronic manufacturing cluster in the city.
USI selected DEEP C Industrial Zones for this important project due to DEEP C’s practical experience in assisting business setup, plentiful land availability for its future expansion, great connectivity to a network of deep sea ports – highways – international airports. In addition, USI is one of the most environmentally-friendly and sustainable electronics brands in the world, which is very similar to DEEP C’s vision to become the first eco-industrial park in Viet Nam.
Universal Scientific Industrial (Shanghai) Co Ltd provides design, miniaturisation, material sourcing, manufacturing and logistics, and after services of electronic devices/modules for brand owners. USI is a member of ASE Technology Holding and has many years of experience in the electronics manufacturing services industry and leverages the industry-leading technology of ASE Group, which enables USI to offer customers diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, and automotive electronics worldwide. USI has a sales service network in America, Europe, and Asia; and manufacturing sites in Mainland China, Taiwan, Mexico and Poland.
DEEP C Industrial Zones is a Belgian developer and operator of an industrial zone and port infrastructure cluster in Hai Phong City and Quang Ninh province – the most dynamic growing region in North Viet Nam. DEEP C has become one of the largest industrial property developers in Viet Nam with five industrial zones, forming DEEP C industrial zone cluster covering 3,400 hectares at the epicenter of the region’s manufacturing and infrastructure boom. DEEP C provides a large portfolio of products and services including industrial land and workshop/warehouse for lease, port development, and operation, utilities supply and distribution and renewable energy generation. DEEP C’s goal is to grow into Viet Nam’s first eco-industrial park driven by digital technologies and innovative mindset where its clients are provided with all the tools they need for success.