Electronic component exporting enterprises in Hai Duong expect to make a breakthrough

Iriso Vietnam Electronics Co., Ltd. invests tens of billions of VND to upgrade production systems and apply modern technology.

Abundant orders

The strong development of technology and the increasing demand for technology products are creating great opportunities for enterprises producing electronic components. This is one of the main export items of Hai Duong . With investment in technology, expanding production and promoting international cooperation, enterprises expect strong growth in production and business, contributing significantly to the export value of the whole province.

At Phuc Dien Industrial Park (Cam Giang), the factory of Nissei Vietnam Technology Co., Ltd. has been bustling since the beginning of the year. After a turbulent 2024, this enterprise signed contracts to supply electronic components (mainly camera components, printers, consumer electronics and automobiles) to many partners in Japan, China and Thailand. Although the number of partners did not increase, the number of orders increased by about 20% compared to the previous year. With favorable business, the enterprise continued to invest in a project to manufacture and assemble electronic components at the expanded Phuc Dien Industrial Park (Binh Giang) with a total investment of more than 2,500 billion VND, expected to come into operation from the first quarter of 2029.

“Since December 2024, we have received orders until the end of 2025. That helps businesses confidently expand new factories, increase productivity and meet strict standards from partners,” said a representative of Nissei Technology Vietnam Co., Ltd.

A representative of Yura Vietnam Co., Ltd. (Phu Thai Industrial Park, Kim Thanh) said that the company currently produces and supplies electronic components for the assembly and production of Hyundai and Kia cars (Korea). Because Hyundai's global orders are stable, orders for the company are always guaranteed, and workers have continuous employment. The company's products are mainly exported to the Korean market with 98%. The remaining are exported to the Japanese and American markets. In 2024, the export value of goods of Yura Vietnam Co., Ltd. will reach about 35 million USD.

Exploit the advantages

Yura Vietnam Co., Ltd. mainly exports products to the Korean, Japanese and American markets (photo provided by the facility)

The factor that electronic component manufacturing enterprises pay special attention to in the current period is upgrading production technology. Many factories have invested heavily in automatic production lines, advanced quality control technology, and smart production management software.

Iriso Electronics Vietnam Co., Ltd. (Japanese investment in Tan Truong Industrial Park, Cam Giang) specializes in manufacturing electronic components, processing and assembling connecting parts and connecting components. It has invested tens of billions of VND to upgrade its production system and apply modern technology to production and operation. This helps reduce 30% of workers' labor and minimize the rate of defective products.

A notable point is that businesses are actively connecting with large electronics corporations to become satellites supplying auxiliary components. This is considered a strategic direction to help small and medium enterprises in Hai Duong participate deeply in the global value chain.

Since the current factory is operating at full capacity, Yura Vietnam Co., Ltd. aims to invest in new, modern machinery to improve labor productivity. The company currently has about 280 employees with an income of 12 - 17 million VND/person/month.

According to the Department of Industry and Trade, the total export value of Hai Duong in the first quarter of 2025 reached 2 billion 359 million USD, an increase of 7.3% over the same period in 2024. Electronic components and office machines are high growth groups with an increase of 21.3%. This is a positive signal showing a clear recovery and growth trend.

The above results are due to the shift in the global supply chain, along with Vietnam's participation in many free trade agreements, which are opening up great opportunities for businesses in Hai Duong. To date, Vietnam has signed and implemented 17 free trade agreements with more than 60 partners around the world. Many trade agreements such as the Vietnam - EU Free Trade Agreement (EVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Regional Comprehensive Economic Partnership (RCEP) ... continue to strongly support, exempt and reduce taxes on exported electronic components.

Many businesses have also completed construction and gone into production, quickly expanding their scale when export orders increased again... The provincial departments and branches actively removed difficulties for businesses in production and business activities, proactively promoted trade and investment, simplified administrative procedures, accelerated the completion of transport infrastructure to attract investment, focusing on a number of key products including electronic products.

HOANG MINH

Source: https://baohaiduong.vn/doanh-nghiep-xuat-khau-linh-kien-dien-tu-o-hai-duong-ky-vong-but-pha-409767.html