Victory Giant Technology, a leading Chinese technology group, specializing in the research, development, and manufacturing of printed circuit boards (PCBs), announced that its revenue in the Vietnamese market reached 3.23 billion yuan (approximately $473 million). This surge accounted for roughly 16.8% of the group's total revenue in 2025.
According to filings submitted by Victory Giant Technology to the Hong Kong Stock Exchange (HKEX), citing data from consultancy firm Frost & Sullivan, the company ranked first globally in terms of revenue within the AI and High-Performance Computing (HPC) PCB segments during the first half of 2025, capturing a 13.8% market share.
Notably, revenue from the Vietnamese market has seen explosive growth over the past year. From 1.08 billion yuan in 2024, revenue tripled by 2025. Compared to 2023 (559 million yuan), the revenue scale has increased sixfold.
The group noted that Vietnam-origin PCB products typically face US import tariffs of around 10%, which is significantly lower than the potential 35% tariff applied to similar goods from China. However, the company also cautioned that U.S. tariff policies remain subject to unpredictable fluctuations.
The Victory Giant Technology Vietnam factory project invested in by Victory Giant Technology (Guangdong) Co., Ltd. specializes in the R&D, production, and sale of high-precision multi-layer PCBs, High-Density Interconnect (HDI) boards, Flexible Printed Circuits (FPC), and Rigid-Flex boards.
These products are widely utilized in artificial intelligence, big data centers, the Industrial Internet, green energy vehicles, next-generation communication technologies, aerospace, and medical equipment.
According to the company’s initial projections, once fully operational by 2030, the factory is expected to reach an annual output of 4 million square meters of products with an estimated production value of $900 million.
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