The Management Board of Industrial Parks in the northern province of Vinh Phuc recently hosted a signing ceremony for a cooperation agreement between CNCTech Group and UTI Vina Vinh Phuc Co., Ltd. to implement a $105 million electronics manufacturing investment project in the province.

CNCTech, a leading Vietnamese corporation in supporting industry manufacturing, is a key investor and developer of industrial infrastructure in the province, with an industrial land fund exceeding 600 ha.

Meanwhile, UTI Vina Vinh Phuc Co., Ltd., a 100% foreign-invested enterprise from South Korea, specializes in manufacturing electronic components and delivering high-tech products and solutions to major global electronics corporations.

Prior to investing in Vinh Phuc, UTI Inc. established UTI Vina in Diem Thuy Industrial Park, Thai Nguyen, in 2016.

In 2024, UTI began investing in its Vinh Phuc project with an initial phase valued at $35 million. Currently, the company is expanding the second phase of the project, totaling $105 million.

During the signing ceremony, Chairman of the Provincial People's Committee Tran Duy Dong emphasized the significance of this investment project, noting its alignment with Vinh Phuc's planning and industrial development orientation. He highlighted its contribution to the province's advancement, particularly in the electricity and electronics sectors.