The project covers more than 461,000 square metres and is designed to produce over 84 million products annually, equivalent to more than 3.1 million tonnes of products each year.

According to Cheng Ching-Hsiang, General Director of AVC Technology Vietnam, Vietnam is one of AVC Group’s most important strategic markets in Asia.

The plant will manufacture cooling equipment for servers, including cooling fans, heat sinks, cooling plates and liquid-cooling systems, along with components such as server cases, hinges, slide rails, floating joints and quick connectors.

Under the plan, construction and equipment installation are scheduled for completion before January 2027, when the factory is expected to begin operations.

Once fully operational, the facility is expected to create around 20,000 jobs, contributing to higher local incomes and supporting shifts in the labour structure in the province.

In 2020, AVC invested in the AVC 1 plant at Dong Van 3 Industrial Park in Ninh Binh province with total investment of US$400 million and an area exceeding 200,000 square metres.

After several years in operation, AVC 1 recorded revenue of US$1.1 billion in 2025 and created stable jobs for more than 12,000 workers.

Upon completion of the latest project, AVC’s total investment in Vietnam is expected to reach around US$1 billion, contributing to regional economic development and human resources development as the group aims to become one of the world’s largest manufacturers of cooling equipment.

Speaking at the groundbreaking ceremony, Nguyen Mai Thuan, Deputy Head of the Management Board of Ninh Binh Economic Zones and Industrial Parks urged the investor to mobilize resources and engage capable and reputable partners to fast-track the project while ensuring quality standards and compliance with approved planning and design requirements.

He also called on the investor to strictly abide by regulations on environmental protection, construction and investment, labour and fire safety throughout the project’s implementation and operation.

Thuan further asked local authorities, infrastructure investors and relevant agencies to coordinate on site clearance and completion of essential industrial park infrastructure to support the project.

The Management Board of Ninh Binh Economic Zones and Industrial Parks pledged to continue supporting investors and businesses to facilitate project implementation, while maintaining an open, transparent and safe investment environment and ensuring the full and timely implementation of incentives and support mechanisms in line with the law and the province’s specific support policies.

Electronics exports surge 45% to over US$30.7 billion in Q1

VOV.VN - Vietnam’s exports of computers, electronic products and components rose 45.5% year on year to more than US$30.7 billion in the first quarter of 2026, underscoring strong global demand despite ongoing market volatility, according to Vietnam Customs.