MitraStar invests VND 850 billion to build a communications equipment factory in Hung Yen

Delegates, investors and partners perform the groundbreaking ceremony for the project.

The project has a total investment of VND 850 billion, equivalent to about 34 million USD, built on an area of 6 hectares in Duong Hao ward. This is a project specializing in the production of network connection transit equipment - one of the core products in the field of communications equipment today.

According to the design, the factory has a capacity of 4.8 million products per year, equivalent to 3.8 thousand tons of equipment. The main products are signal transmission devices, which play an important role in the global telecommunications and network connection system.

Delegates attend the groundbreaking ceremony for the construction of the MitraStar Vietnam Factory in Thang Long II Industrial Park.

It is expected that from now until the end of 2025, the project will complete administrative procedures and build infrastructure. The equipment installation and trial operation phase will take place from December 2025 to February 2026. The entire factory will officially come into operation from March 2026.

A representative of MitraStar Technology Corporation commits to working with the contractor to speed up the project progress.

A representative of MitraStar said: Choosing Hung Yen to develop a new factory is part of the strategy to expand production and increase global supply capacity, while taking advantage of the favorable investment environment, modern industrial infrastructure and abundant, high-quality human resources in the locality.

MitraStar's rapid implementation of a large-scale project in Hung Yen not only brings added value to the high-tech industry but also creates hundreds of new jobs, promotes the local supply chain and enhances the province's position in attracting quality FDI.

MitraStar, the contractor and partners are determined to soon put the MitraStar Vietnam Factory into production and business operations.