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Monday, June 24, 2024

Hai Phong grants license for USI for its electronics manufacturing facility

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The presentation ceremony of Investment Registration Certificate to Universal Scientific Industrial Vietnam Company Ltd. was held at Haiphong Economic Zone Authority, Haiphong City and was attended by the leader of Haiphong Economic Zone Authority.

Universal Scientific Industrial Vietnam Company Ltd. is a wholly-owned subsidiary of Universal Scientific Industrial (Shanghai) Co., Ltd. (hereinafter referred to as USI). USI is a global electronics designer and manufacturer and has been listed in Shanghai Stock Exchange (SSE: 601231) since 2012.

USI decided to land its expansion project in the northern port city of Haiphong, Vietnam to take advantage of strategic geographical location, competitive labor costs, and economic zone tax incentives to reduce its overall production costs, and as a result enhance profitability and competitiveness. This latest move matches with its strategic development plan to strengthen its global presence and quickly respond to overseas clients’ demand.

USI’s new facility will be built on a 6.5-hectare area in DEEP C Industrial Zones, Dinh Vu – Cat Hai Economic Zone, Hai Phong with the total investment of US$200 million in the 1st phase. In the mass production stage, USI will supply wearable electronic device boards to overseas markets, create thousands of local jobs and leverage technology and drive digital transformation of Haiphong. USI’s investment in DEEP C is expected to drive more high-tech projects, thus laying the foundation for the birth of a new electronic manufacturing cluster in Haiphong.

USI selected DEEP C Industrial Zones for this important project due to DEEP C’s practical experience in assisting business setup, plentiful land availability for its future expansion, and great connectivity to a network of deep sea port – highways – international airports. In addition, USI is one of the most nature-friendly and sustainable electronics brands in the world, which is very similar to DEEP C’s vision to become the first eco-industrial park in Vietnam.

About USI

USI (SSE: 601231), Universal Scientific Industrial (Shanghai) Co., Ltd., provides design, miniaturization, material sourcing, manufacturing, logistics, and after-sale services for electronic devices/modules for brand owners. USI is a member of ASE Technology Holding (TWSE: 3711, NYSE: ASX) and has many years of experience in the electronics manufacturing services industry and leverages the industry-leading technology of ASE Group, which enables USI to offer customers diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, and automotive electronics worldwide. USI has a sales service network in the Americas, Europe, and Asia; and manufacturing sites in Mainland China, Taiwan, Mexico and Poland. To learn more, visit www.usiglobal.com and engage with us on LinkedIn and YouTube.

About DEEP C Industrial Zones
DEEP C Industrial Zones is a Belgian developer and operator of an industrial zone and port infrastructure cluster in Haiphong City and Quang Ninh Province – the most dynamic growing region in North Vietnam. DEEP C has become one of the largest industrial property developers in Vietnam with five industrial zones, forming DEEP C industrial zone cluster covering 3,400 hectares at the epicenter of the region’s manufacturing and infrastructure boom. DEEP C provides a large portfolio of products and services including industrial land and workshop/warehouse for lease, port development, and operation, utilities supply and distribution, renewable energy generation, etc. DEEP C’s goal is to grow into Vietnam’s first eco-industrial park driven by digital technologies and innovative mindset where its clients are provided with all the tools they need for success.

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