Victory Giant Technology Triples Revenue to $470M in Vietnam PCB Operations for 2025 Amid Strategic Expansion

Victory Giant Technology (VGT), China's prominent printed circuit board (PCB) manufacturer, has posted stellar financial results from its Vietnam operations in 2025.

The Vietnam subsidiary generated $470 million (RMB 3.23 billion) in revenue, representing 16.8% of the company's total PCB sales and marking explosive growth.

Rapid Revenue Growth Trajectory

This 2025 figure tripled the previous year's RMB 1.08 billion and achieved a six-fold increase from 2023's RMB 559 million.

Founded in July 2024 with a charter capital of $30 million (VND 720 billion), VGT Vietnam is constructing a cutting-edge facility in northern Bac Ninh province.

Strategic Diversification Against Trade Risks

As a vital supplier to Nvidia, VGT is shifting production to Vietnam to counter escalating U.S. tariffs on Chinese imports.

Goods from Vietnam incur roughly 10% tariffs for U.S. exports, far lower than the up to 35% levied on similar Chinese PCBs.

This relocation bolsters supply chain resilience and fortifies the company's global delivery capabilities.

Ambitious Future Production Plans

The Bac Ninh plant, slated for launch in 2026, will specialize in multi-layer PCBs (MLPCBs) and high-density interconnect (HDI) products.

At full capacity, it promises an annual production of 150,000 square meters, adaptable to market demands.

VGT's Vietnam triumph signals Vietnam's ascent as a key hub in the high-tech electronics manufacturing landscape.