HÀ NỘI — Revenue from electronic component manufacturing in the northern Vĩnh Phúc Province reached VNĐ57.5 trillion (approximately US$2.24 billion) in the first quarter of 2025, up 12.27 per cent year-on-year, according to the provincial Department of Industry and Trade.

The electronics sector now accounts for around 60 per cent of all industrial ventures in the province's industrial parks, with over 200 active projects. High-tech products such as computers and electronic components produced in the province are exported to key markets including the US, ASEAN, Japan, South Korea, and particularly the EU, including the Netherlands, Germany and the Czech Republic.

Recognising electronics as a spearhead industry, Vĩnh Phúc has allocated 4,500 hectares of land exclusively for high-tech industrial projects, including those in the semiconductor sector. The favourable investment climate has encouraged foreign enterprises to expand operations locally.

In 2024, UTI Vina Vĩnh Phúc Co., Ltd. invested $35 million in an electronic components facility, and in March 2025, the firm partnered with CNCTech Group to launch a new $105 million project.

Similarly, BHFlex Vina Co., Ltd. — a supplier for Samsung, LG and SK — has increased its total investment in Vĩnh Phúc to $140 million, nearly 150 times its initial capital. In 2024, the company’s export revenue surged by 49 per cent, employing over 4,000 workers with an average monthly income of VNĐ11 million.

Besides its favourable location and abundant workforce, Vĩnh Phúc is prioritising the development of high-tech industries such as semiconductors, microchips, and artificial intelligence. The province has also invested in transport, logistics, and power infrastructure to enhance connectivity with domestic and international industrial hubs.

Looking ahead, Vĩnh Phúc is committed to improving the business environment, assisting enterprises in resolving challenges, and leveraging free trade agreements such as the CPTPP, EVFTA and UKVFTA. The province aims to become a leading national hub for the electronics industry, with a skilled labour force ready to meet the growing demands of the semiconductor sector. — VNS