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Many electronic component manufacturers enjoy sharp rise in revenue

Updated: 20:51, 09/05/2025

BAC GIANG- According to the provincial Department of Industry and Trade, industrial production in the province continued the good growth rate in April 2025 thanks to high contributions of electronic component manufacturing sector. 

Particularly, the companies belonging to Foxconn and Luxshare Corporations maintain high-capacity production, of which electronic component manufacturing makes major contributions.

The factory of Fukang Technology Company Limited in Quang Chau industrial park.

A number of companies gained higher revenues against the same period.

For example, Luxshare Van Trung Company Limited gained a revenue of 9 trillion VND (345 million USD) in April 2025, a surge of 52.26 percent, Fukang Technology Company Limited earned 18.953 trillion VND (726.23 million USD), an increase of 3.25 times, Fuyu Precision Company Limited gained a revenue of 17.355 trillion VND (665.35 million USD), an increase of 2.63 times and Precision Technology Component Fulian Company Limited belonging to Foxconn Group, which has come into operation since August 2024, gained a revenue of 3.872 trillion VND (148.443 million USD) in April.

Revenues of big companies, especially those in electronic sector have made great contributions to industrial production growth in the entire province.

As a result, the industrial production value in April was estimated at 77.340 trillion VND (2.97 billion USD), an increase of 10.16 percent compared to previous month and 24.76 percent against the same period.

It reached 261.342 trillion VND (10.02 billion USD) in the first 4 months, a surge of 26.35 percent against the same period and equal to 31 percent of the annual plan.

Of which, the public economic sector gained 1.732 trillion VND (66.4 million USD), equal to 36.95 percent of the same period while the non-public sector reached 28.297 trillion VND (1.08 billion USD), an increase of 22.62 percent and foreign direct investment sector gained 231.313 trillion VND (8.86 billion USD), increasing by 29.17 percent.

Ahead of the upcoming tax deadline of the United States, businesses in the province that export to this market are taking advantage of the "golden" time to promote production and business activities.

At the same time, they continue to innovate their investment promotion activities and make good use of the free trade agreements Vietnam has signed to expand new markets.

Besides, the related departments and agencies also get involved and follow up to timely remove obstacles and difficulties facing businesses.

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