China’s Luxshare-ICT Group, an Apple supplier, plans to implement major science and technology and innovation projects in Vietnam with projected revenue expected to exceed US$10 billion, its Vice Chairman Wang Laisheng said.
Party General Secretary To Lam welcomed the long-term commitments and expanding investment presence of Luxshare in Vietnam when he received Wang in Hanoi on Nov. 15.
The Party chief highly valued Luxshare-ICT’s efforts to promote business and investment cooperation in Vietnam over the past decade. With total registered capital exceeding $1.8 billion, the group has created tens of thousands of jobs in Vietnam.
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Party General Secretary To Lam (R) receives China’s Luxshare-ICT Group Vice Chairman Wang Laisheng in Hanoi on Nov. 15, 2025. Photo by VNA |
The Party leader stressed Vietnam’s development vision and important position of science and technology, innovation and digital transformation as new drivers of fast and sustainable development in the new era. He affirmed that the Party and State consistently welcome foreign enterprises to invest and succeed in Vietnam, pledging equal treatment for all investors and continued efforts to improve the business environment towards greater fairness, transparency and convenience.
He outlined priority areas where Luxshare-ICT is encouraged to expand investment, including digital economy, green economy, science and technology, innovation, electronic components manufacturing and semiconductor development. He also called on the group to promote technology transfer and support Vietnam in training high-quality human resources.
Wang briefed his host on the group’s global operations and affirmed that Vietnam remains Luxshare-ICT’s most important overseas manufacturing hub among the 29 countries and territories where it operates.
The group places strong emphasis on training and upskilling Vietnamese engineers and workers, with its rate of workforce localization consistently among the highest compared to other foreign enterprises.
Wang said his group will continue expanding its presence in the country. It plans to implement several major science and technology and innovation projects in Bac Ninh Province and other localities, with projected revenue from new investments expected to exceed $10 billion.
These efforts are expected to elevate Vietnam’s position in the regional and global high-tech supply chains.
