Ho Chi Minh City inaugurates US$60 million polysilicon manufacturing plant

On August 13, the Global Silicon Project at Phu My 3 Specialized Industrial Park in Ho Chi Minh City's Tan Phuoc Ward officially opened, inaugurating Tokuyama Corporation's first high-tech venture in Vietnam. The inauguration ceremony saw the attendance of Nguyen Manh Cuong, Vice Chairman of the Ho Chi Minh City People’s Committee.

The US$60 million ($45 million) project, worth VND1.468 trillion, focuses on producing high-purity polysilicon for the electronics industry and semiconductor supply chain. Spanning 50,000 square meters, the facility boasts a maximum annual capacity of 5,000 tonnes of polysilicon.

Construction was completed, with around VND1.1 trillion ($45 million) of the funding already disbursed, making up more than 78 percent of the total investment. The plant's operation is expected to bolster Vietnam's semiconductor supply chain and contribute to the growth of a robust high-tech industrial ecosystem in the country. Thanh Binh Phu My Joint Stock Company's Chairwoman and General Director, Nguyen Thi Thao Nhi, highlighted that the project would supply essential materials for the semiconductor value chain and facilitate the development of a high-tech industrial ecosystem within the industrial park and the broader Southern region.

During the ceremony, Vice Chairman of the municipal People’s Committee, Nguyen Manh Cuong, encouraged the investor to maintain progress, adhere to technological commitments, expedite the conversion of registered capital into implemented investment, and expedite the project's transition to stable and efficient operation. Ho Chi Minh City authorities pledged their continued support and guidance to the investor, promising to resolve any difficulties and create favorable conditions for the company to successfully implement and operate the project.