Cooler Master eyes $3 billion investment in Vietnam

Thanh Van
Cooling module manufacturer Cooler Master plans to increase its investment capital in Vietnam to $3 billion as part of goals to strengthen its global supply chain.
aa
Cooler Master eyes $3 billion investment in Vietnam

The plan was shared at a meeting between the leaders of Cooler Master and Bac Ninh province on March 10.

Andy Lin, vice president of Cooler Master said, “Cooler Master Vietnam received investment certificate from Bac Ninh in 2023. The first phase of the project has put into operation since July 2025 with a realised investment capital of $140 million.”

The company is employing nearly 1,300 workers, which is expected to reach 5,000 workers this year. Cooler Master specialises in producing cooling modules for AI servers, intelligent machine learning systems, and precision liquid-cooling equipment for data centres.

“The group plans to invest about $3 billion to implement the upcoming ventures. By 2029, these ventures will create around 40,000 jobs and establish a sustainable supply chain for suppliers and partners,” Lin said.

In addition, the group also intends to invest in a human resource training centre, as well as residential facilities for employees and experts.

Lin called on Bac Ninh authorities to support the company through favourable policies and streamlined legal procedures, including tax and land-lease incentives, worker housing development, and administrative assistance.

Pham Hoang Son, Chairman of Bac Ninh People’s Committee, welcomed the investment plan and pledged to create a favourable condition for the company.

Bac Ninh has long been recognised as Vietnam’s “Billion-Dollar Manufacturing Hub” and a preferred destination for top global technology companies, such as Samsung, Foxconn and Goertek.

Thanh Van

Đọc thêm

Giang Dien Industrial Park offers prime land near Long Thanh Airport

Giang Dien Industrial Park offers prime land near Long Thanh Airport

Clean land funds in prime southern industrial locations are becoming increasingly scarce as competition intensifies, with sites near Long Thanh International Airport drawing strong investor interest.
Viconship acquires real estate company

Viconship acquires real estate company

Vietnam Container Shipping, a leading logistics provider, announced the acquisition of a 65 per cent equity interest in Harbour City Co. Ltd on March 16, to implement a real estate project in Haiphong city.
Hanoi plans financial centres in Hoan Kiem and Nhat Tan

Hanoi plans financial centres in Hoan Kiem and Nhat Tan

Hanoi is planning to develop financial centres in Hoan Kiem and the Nhat Tan as part of its long-term urban development strategy.
Sun Group takes controlling stake in Vietnam Digital Asset JSC

Sun Group takes controlling stake in Vietnam Digital Asset JSC

Sun Group has become the controlling shareholder in newly established Vietnam Digital Asset JSC, committing 64 per cent of its initial $40 million charter capital.
Hateco-APM consortium wins $1.76bn Lien Chieu port development in Danang

Hateco-APM consortium wins $1.76bn Lien Chieu port development in Danang

A consortium between Hateco and the Netherlands' APM Terminals will develop the Lien Chieu container port in Danang with an investment of $1.76 billion.
US investment firm PGP seeks deeper ties with Vietnam

US investment firm PGP seeks deeper ties with Vietnam

A delegation from US investment firm Pacific Gateway Partners has met with Vietnamese finance officials to discuss deepening bilateral cooperation.
Dien May Xanh plans IPO in 2026

Dien May Xanh plans IPO in 2026

Electronics retail chain Dien May Xanh, under Mobile World Investment Corp, plans an initial public offering by selling 180 million shares, or a 16 per cent stake.
Foxconn's Vietnam unit raises registered capital

Foxconn's Vietnam unit raises registered capital

A Foxconn subsidiary in Vietnam has increased its charter capital by nearly $40 million across two separate adjustments in early 2026.
Xem thêm