Vietnam’s Thai Nguyen province has urged China’s electronic manufacturer Luxshare-ICT to expand its investment in the province and join the electronics supply chain, including those linked to South Korea’s Samsung and other tech giants corporations
A Thai Nguyen delegation, led by provincial People’s Committee Chairman Vuong Quoc Tuan, made the proposal while recently visiting the company’s headquarters in Suzhou, Jiangsu province, the provincial authorities said in a statement on Tuesday.
The two sides discussed Luxshare’s potential investment expansion in Vietnam, the possibility of a manufacturing plant for electronic equipment at the Yen Binh industrial park and cooperation in producing telecommunications equipment, digital infrastructure, and high-tech OEM products. The two sides also discussed investment incentive policies, technical infrastructure, workforce, and plans for a site visit to Thai Nguyen in the coming period.
Luxshare currently invests in Bac Ninh and Nghe An provinces of Vietnam, not yet in Thai Nguyen province. Tuan affirmed that Thai Nguyen would accompany and create the most favorable conditions for investors as they implement projects.
Fisher Lin, Director of Investment Management at Luxshare, said the company operates more than 110 production facilities, over 25 research and development centres, and more than 65 offices and service points globally. Luxshare has invested and operated in Vietnam for more than 10 years, identifying the country as one of its key manufacturing centres in its international development strategy. Lin said the company wishes to continue studying expanded investment in electronics, high-tech industries, technology transfer, and high-quality workforce training.
In 2025, Vietnam-China trade turnover reached $256 billion, while China’s total foreign direct investment in Vietnam reached $35.4 billion across approximately 6,500 effective projects.
Luxshare-ICT has been investing in Vietnam since 2016. Its investments reached over $1.8 billion.
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