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Daeduck Vietnam is successful from the investing environment

Tuesday, 12/06/2018

"The open investing environment and preferential policies of Vinh Phuc is one of the important factors contributing to our success", said the representative of Daeduck Vietnam Co., Ltd (Ba Thien - Binh Xuyen Industrial Park).

Daeduck Vietnam established in 2014 with 100% capital of South Korea, specializes in manufacturing, processing PCB (printed circuit board) and RFPCB, components assembling the cameras and mobile phones.

The open investment - trade environment in Vinh Phuc is one of the important factors contributing to the success of Daeduck Vietnam Co., Ltd (Ba Thien Industrial Park).

With appropriate business strategies, investing in modern machinery, improving the product's quality, Daeduck Vietnam has gradually asserted the leading brand in the field of circuit board production in Vietnam.

In fact, after more than three years of operation, Daeduck Vietnam's production was no longer entirely dependent on the parent company's orders (South Korea Daeduck GDS company) but directly exploited the market in Vietnam and became the strategic customer of many large electronic component manufacturers such as Samsung; Partron Vina; Vina Haesung; Cammsys; Bang Joo Electronic ...

Thereby, step by step stabilizing the production, expanding the scale of operation and increasing the revenue steadily in each period. In 2017, Daeduck Vietnam supplied to the market more than 54 million products (all kinds of boards), the turnover reached to over USD 47 million.

In the first 5 months of 2018, the output reached over 50 million products, the revenue was USD 35 million; created jobs for 300 employees with an average income of VND 7.5 million per person per month.

Telling about the investing environment of Vinh Phuc, the representative of Daeduck Vietnam said that Vinh Phuc was a locality with the good geographical position, convenient traffic, abundant labor force and open investment environment, especially, there were many preferential policies to support the land rent and business tax calculation in the early years of operation.

Therefore, Daeduck GDS South Korea decided to choose Vinh Phuc as a "landing", invested USD 14 million to build Daeduck Vietnam Co., Ltd at Ba Thien Industrial Park (Binh Xuyen). In the investment process in Vinh Phuc, Daeduck Vietnam always receives the enthusiastic guidance, help of the leaders, authorities.

Daeduck Vietnam is easy to access and deploy the work smoothly. After nearly a year of receiving the certificate of business registration, the company completed the construction of the workshop, the installation of equipments and machinery and put into operation.

Daeduck Vietnam is quite satisfied with the investment environment of Vinh Phuc and thanks to the local preferential policies because Daeduck Vietnam's success today has the significant contribution of the business investment environment. It is hoped that the company continues to receive the support of the authorities, provincial leaders to create favorable conditions, support to help the company grow up.

With its achievements and the increasing demand for information technology equipment, Daeduck Vietnam planned to raise capital to expand its business scale. In fact, since its inception (2014), Daeduck Vietnam has adjusted its investment certificate 5 times, in which, 2 times increased the investment capital, contributed capital, increased the production scale.

Specifically, in the second capital increase (April 2018), Daeduck Vietnam raised its investment capital from USD 30 million to USD 52 million, the added capital from USD 16.9 million to USD 38.5 million. Following this increase, expanding the production scale, Daeduck Vietnam will build a new factory with an area of ​​around 3,300 square meters, which is expected to come into operation in 2018 and create new jobs for about 400 employees.

Vinh Phuc News


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