Luo Shihong, Vice Chairman of Desay, said the group, founded in 1983, has grown into one of China’s major electronics and information technology conglomerates, with annual revenue exceeding 50 billion CNY (over 7 billion USD). The group has two listed subsidiaries: Desay SV Automotive (SZ.002920) and Desay Battery (SZ.000049).

An overview of the working session.

Desay Battery Technology Co. Ltd., based in the Song Khe-Noi Hoang Industrial Park in Bac Ninh, specializes in lithium battery production and energy solutions.

It serves global technology leaders including Apple, Huawei, Xiaomi, OPPO, Vivo, Google, Meta, Amazon, DJI and Stanley Black & Decker.

The company also supplies precision rubber and plastic components for drones and automobiles, as well as automated assembly and inspection services for optical modules such as smartphone and security cameras.

In recent years, it has expanded into equipment for automotive surround-view cameras and millimeter-wave radar, alongside LED display manufacturing.

PPC Chairman Vuong Quoc Tuan talks with Desay Group executives.

The group aims to quadruple sales revenue to more than 200 billion CNY by 2033, with smart automotive electronics and new energy batteries as its core businesses. It plans to establish another company in Bac Ninh and sought support from local authorities to accelerate the project.

PPC Chairman Tuan welcomed the executives, congratulating Desay on its achievements, particularly in advanced technologies such as autonomous driving systems and high-tech batteries. He praised the decision to expand investment in Song Khe-Noi Hoang and Van Trung industrial parks.

“Bac Ninh’s priority is to continue attracting new investors and encouraging existing ones to expand operations,” said the PPC Chairman, noting that Desay’s current investment exceeds 101 million USD and is expected to rise by an additional 25 million USD.

The province pledged full support to ensure effective operations, from administrative procedures to infrastructure and electricity supply. Local authorities are working with Vietnam Electricity to meet industrial demand and are addressing traffic congestion around industrial zones.

In response to Desay’s proposals, the provincial leader instructed provincial departments to assist with land transfer procedures, environmental approvals and construction permits. The Industrial Zone Authority will act as the focal point, while urging the company to comply with legal requirements.

Given the high electricity needs of battery production, PPC Chairman Tuan asked the Industrial Zone Authority and the power sector to develop solutions to guarantee stable supply and ensure strict environmental assessments.

He also supported Desay’s plan to set up a Research and Technology Transfer Center in Bac Ninh, recommending the company take advantage of Vietnam’s policies on technology transfer.

PPC Chairman Vuong Quoc Tuan presents the Desay Group delegation with a Dong Ho folk painting.

The provincial Department of Industry and Trade and the Department of Science and Technology were tasked with proposing suitable mechanisms for high-tech industries.

“With your current capacity, I hope the company will soon transfer technology to local workers and partner firms,” the PPC Chairman Tuan said.

He added that Bac Ninh has recently established an Industrial Production Association to promote closer cooperation among manufacturers. Desay could link with local enterprises through the Industrial Zone Authority to form integrated supply chains.

At the end of the meeting, the provincial leader presented the delegation with a Dong Ho folk painting, a traditional handicraft of Bac Ninh.

Bac Ninh attracts 13.63 billion USD in investment capital

BAC NINH – Despite implementing a new two-tier local government model and undergoing a provincial merger, Bac Ninh continued to see robust socio-economic performance in July, according to a report by the provincial People’s Committee. Investment attraction stood out as a key highlight.

Bac Ninh maintains momentum, prepares for new investment wave

HANOI – Bac Ninh province has emerged as one of the country’s top investment destinations in the first half of 2025, despite the United States imposing a 20% tariff on goods imported from Vietnam. After merging with Bac Giang earlier this year, Bac Ninh recorded total investment capital exceeding 15.3 billion USD in the first six months, including 4.1 billion USD in foreign direct investment (FDI), ranking second nationwide after Hanoi.

Bac Ninh ranks second nationwide in FDI attraction so far this year

Bac Ninh remains a magnet for both domestic and foreign investors, particularly in the field of electronic component manufacturing, where several new and expanded FDI projects have come operation.

 

Bac Ninh ranks second nationwide in export value

BAC NINH –Vietnam Customs’s statistic showed that Bac Ninh province recorded the second-highest export turnover nationwide after Ho Chi Minh City.

Bac Ninh grants investment approvals and certificates to four projects

BAC NINH – On June 30, Pham Van Thinh, Standing Member of the Provincial Party Committee and Vice Chairman of People’s Committee of former Bac Giang province (now Bac Ninh province), chaired a ceremony to grant investment policy approvals and investment registration certificates to four investors.

Bac Ninh exerts efforts to ensure businesses thrive

To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.