<p> </p><p>Goertek to set up $280M Vietnam subsidiary</p><p>By <a style="color: #000000;" href="https://e.vnexpress.net/author/dat-nguyen-1171.html" target="_top" class="ke-link">Dat Nguyen</a>   January 18, 2024 | 06:52 pm PT</p><div class="figure-img" data-ke-type="image" data-ke-style="alignCenter" data-ke-mobilestyle="widthOrigin"><img src="https://t1.daumcdn.net/cafeattach/1ZT5x/4a4005a05f168022b78cfebf7da6fcdaf8cef0e9" class="txc-image" data-img-src="https://t1.daumcdn.net/cafeattach/1ZT5x/4a4005a05f168022b78cfebf7da6fcdaf8cef0e9" data-origin-width="680" data-origin-height="408"></div><p>Goertek Vina's factory in northern Bac Ninh Province. Photo by courtesy of the company</p><p><span style="color: #222222;" data-ke-size="size20">Goertek plans to invest US$280 million to set up a new subsidiary in Vietnam as it seeks to expand in the Southeast Asian market.</span></p><p>To be based in the northern province of Bac Ninh, it is likely to manufacture headphones, smart watches and virtual reality and augmented reality electronics products, the Chinese company said in a recent filing with the Shenzhen Stock Exchange.</p><p>Advertisement</p><p> </p><p> </p><p>Playvolume<span style="color: #fcfcfc;" data-ke-size="size16">00:00</span><span style="color: #fcfcfc;" data-ke-size="size16">/</span><span style="color: #fcfcfc;" data-ke-size="size16">01:01</span><span style="color: #fcfcfc;" data-ke-size="size16">[ TRUVID ] VIETNAM-TEMPLES</span>TruvidfullScreen</p><p> </p><p> </p><p> </p><div class="figure-img" data-ke-type="image" data-ke-style="alignCenter" data-ke-mobilestyle="widthOrigin"><img src="https://t1.daumcdn.net/cafeattach/1ZT5x/10c364add667680a57c2de5bc7e46950ca4f5974" class="txc-image" data-img-src="https://t1.daumcdn.net/cafeattach/1ZT5x/10c364add667680a57c2de5bc7e46950ca4f5974" data-origin-width="1" data-origin-height="1"></div><div class="figure-img" data-ke-type="image" data-ke-style="alignCenter" data-ke-mobilestyle="widthOrigin"><img src="https://t1.daumcdn.net/cafeattach/1ZT5x/41cd2d340e1e45ecda6b49a65bf4c225baa212b5" class="txc-image" data-img-src="https://t1.daumcdn.net/cafeattach/1ZT5x/41cd2d340e1e45ecda6b49a65bf4c225baa212b5" data-origin-width="1" data-origin-height="1"></div><p>It hopes to "make better use of local resources in Vietnam to enhance the company’s overall competitiveness."</p><p>It has been in Vietnam for 10 years with subsidiaries Goertek Vina and Goertek Technology Vina.</p><p>In 2022 the latter reported revenues of $2.5 billion and a net profit of $191 million.</p>
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