UTI high-tech factory breaks ground in Vinh Phuc

The UTI High-Tech Factory project in Thang Long Industrial Park, the northern province of Vinh Phuc, has officially commenced construction.

Backed by CNCTech Group in collaboration with South Korea’s UTI Group, the project spans 4 ha and focuses on electronic manufacturing, with a total investment of VND526.4 billion ($20.3 million).

UTI Group, a leading South Korean high-tech enterprise, is also spearheading another project in Thang Long Industrial Park, specializing in the production and processing of protective covers for liquid crystal displays (LCDs) used in mobile phones and tablets. With a production capacity of 30 million units per year, this initiative represents a significant investment of $59 million.

CNCTech Group, a key player in precision mechanical processing and industrial real estate, has developed over 500 ha of industrial land in Vinh Phuc.

The company has successfully executed 15 major industrial projects, registering a total investment capital of nearly VND9 trillion (approximately $347 million), while attracting over $400 million in foreign direct investment (FDI).

Before expanding into Vinh Phuc, UTI Group established UTI Vina Company in 2016 in Diem Thuy Industrial Park, the northern province of Thai Nguyen.

Notably, UTI’s primary client in Vietnam is Samsung Electronics Co., Ltd., with operations in Bac Ninh and Thai Nguyen provinces.