Lite-On to invest additional US$149 million in Việt Nam expansion

Lite-On to invest additional US$149 million in Việt Nam expansion

Lite-On will invest an additional US$149 million in Việt Nam to expand production capacity and strengthen its manufacturing operations in the country.

A Lite-On factory in Hải Phòng City. — Photo courtesy of Lite-On Vietnam

Taiwanese electronics manufacturer Lite-On will invest an additional US$149 million in its wholly owned subsidiaries in Việt Nam, according to filings submitted to the Taiwan Stock Exchange in late April.

The company approved a $110 million capital injection into Lite-On Vietnam Co, Ltd to expand production capacity. Following the investment, Lite-On’s cumulative capital contribution to the subsidiary will reach around $432.5 million.

In a separate move, the group approved an additional $39 million for Lite-On Technology Vietnam Co, Ltd to fund construction costs for a new factory in Quảng Ninh Province and support operational activities. Total investment in the unit will rise to about $149 million after the transaction.

The latest investment comes as Lite-On accelerates its expansion in northern Việt Nam. In March, the company broke ground on the first phase of its factory at the Sông Khoai Industrial Park in Quảng Ninh Province. The facility is expected to enter its second phase by 2028, with projected annual capacity reaching 95 million units.

Lite-On said it will retain full ownership of both subsidiaries following the capital injections. The group’s total announced investment in Việt Nam has now exceeded $1.2 billion.

The Taiwanese manufacturer established its first factory in Hải Phòng in 2013, and has since steadily expanded its production network in Việt Nam. The company’s local operations focus on printed circuit boards, printers, scanners, Wi-Fi modules and electronic components.

Lite-On Việt Nam supplies products to major global brands, including Fuji Xerox, Kyocera, ASUS, Amazon, IBM, Motorola, Sony, Samsung, Sharp, Nokia and Lenovo.

The new investment highlights continued expansion by Taiwanese electronics firms in Việt Nam as global manufacturers diversify supply chains and reduce dependence on single production markets.

Quảng Ninh Province has recently emerged as a growing destination for electronics manufacturing investment thanks to its proximity to China and improving logistics infrastructure, competing with established industrial hubs such as Bắc Ninh and Hải Phòng.

Industry observers said the latest capital increase reflects Lite-On’s shift from initial market entry to large-scale manufacturing expansion in Việt Nam’s high-tech sector. 

Bizhub