SHP Ninh Binh Invests Nearly VND 2.5 Trillion In Chip, UAV, And Semiconductor Gas Production

Vietnamese Enterprise Shp Ninh Binh “Pours” Nearly VND 2.5 Trillion Into Chip, UAV, And Gas Production For The Semiconductor Industry

SHP Ninh Binh Joint Stock Company is in the process of seeking approval to implement a high-potential project: “Factory for the production of electronic quartz chips; manufacturing and assembly of UAVs; production of high-tech semiconductor gases.” This project has a total investment capital of VND 2,457 billion.

According to information from the company, SHP Ninh Binh is carrying out environmental impact assessment procedures for the project, which is expected to be implemented at Khanh Phu Industrial Park, Ninh Phuc Ward, Hoa Lu City, Ninh Binh Province, covering an area of 11 hectares.

Details Of Capital And Project Progress

The initial chartered capital of SHP Ninh Binh for this project is VND 495 billion, with the remaining capital to be raised through loans from credit institutions.

The project received investment policy approval and initial investor approval from the Ninh Binh Provincial Industrial Parks Management Board on March 27, 2025.

Reasons For Project Adjustment

Initially, the project was approved under the name “Hydropower Equipment Manufacturing Plant” in July 2020. However, SHP Ninh Binh stated that the project encountered many difficulties due to objective factors:

Impact of the Covid-19 pandemic: Prolonged pandemic control measures in China for over two years disrupted cooperation with partners on technology and equipment transfer.

Russia-Ukraine conflict: The conflict situation prevented partners in Ukraine from continuing operations, leading to the termination of cooperation under force majeure conditions, causing project delays.

New Direction In Line With National Strategy

Given the above developments, SHP Ninh Binh decided to adjust the project to “Factory for the production of electronic quartz chips; manufacturing and assembly of UAVs; production of high-tech semiconductor gases.” This change not only aligns with the company’s business situation and objectives but also adheres to Decision No. 1018/QD-TTg on the Strategy for Development of Vietnam’s Semiconductor Industry to 2030 and Vision to 2050 issued by the Prime Minister on September 21, 2024.

SHP Ninh Binh was granted the first revised Investment Registration Certificate by the Ninh Binh Provincial Industrial Parks Management Board on March 27, 2025, for this adjusted project.

Estimated Plant Capacity

According to the plan, the plant will achieve the following impressive capacities:

Production of electronic quartz chips: 300,000,000 products/year, equivalent to 200 tons/year.

Manufacturing and assembly of UAVs: 25,000 products/year, equivalent to 70 tons/year (including products supporting the semiconductor industry and electronic equipment).

Production of high-tech semiconductor gases: 5,790 tons/year, including:

• N2O.6N gas: 1,800 tons/year
• N2O.7N gas: 120 tons/year
• CO2.6N gas: 48,870 tons/year
• NH3.7N gas: 5,000 tons/year

Labor Demand

The project is expected to create approximately 110 jobs. SHP Ninh Binh prioritizes recruiting unskilled labor from the local area and neighboring provinces. For technical labor, the company will recruit from other units or engineers graduating from reputable domestic and foreign universities in relevant fields, with priority given to students graduating from Hanoi University of Science and Technology, FPT University, VinUni, and Hoa Lu University.

Project Implementation Schedule

SHP Ninh Binh is expected to complete important legal procedures between Q1/2025 and Q2/2025, including:

• Approval of the revised Investment Registration Certificate.
• Approval of the adjusted 1/500 scale planning dossier.
• EIA (Environmental Impact Assessment) appraisal.
• Basic Design appraisal.
• Fire Prevention and Fighting (PCCC) appraisal.
• Obtaining the construction permit.

The phase of constructing technical infrastructure, production workshops, and purchasing and installing equipment will be implemented from Q3/2025 to Q2/2027, after which it will officially commence commercial operation.