To be based in the northern province of Bac Ninh, it is likely to manufacture headphones, smart watches and virtual reality and augmented reality electronics products, the Chinese company said in a recent filing with the Shenzhen Stock Exchange.
It hopes to "make better use of local resources in Vietnam to enhance the company’s overall competitiveness."
It has been in Vietnam for 10 years with subsidiaries Goertek Vina and Goertek Technology Vina.
In 2022 the latter reported revenues of $2.5 billion and a net profit of $191 million.