Vice Chairman of China’s Luxshare-ICT Group Wang Laisheng affirmed the group’s commitment to expanding investment in Vietnam, during a meeting with Party General Secretary To Lam in Hanoi on November 15.
The group plans to implement several major science and technology and innovation projects in northern Bac Ninh province and other localities, with projected revenue from new investments expected to exceed $10 billion, according to Mr. Wang.
He stressed that Vietnam remains Luxshare-ICT’s most important overseas manufacturing hub among the 29 countries and territories where it operates. The group places strong emphasis on training and upskilling Vietnamese engineers and workers, with its rate of workforce localisation consistently among the highest compared to other foreign enterprises.
The Party chief highly valued Luxshare-ICT’s efforts to promote business and investment cooperation in Vietnam over the past decade, with total registered capital exceeding $1.8 billion, and tens of thousands of jobs created.
He outlined priority areas where Luxshare-ICT is encouraged to expand investment, including digital economy, green economy, science and technology, innovation, electronic components manufacturing and semiconductor development. He also called on the group to promote technology transfer and support Vietnam in training high-quality human resources.
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