US Drone Maker Realtime Robotics to Invest $13.5M in Vietnam Factory
Real-Time Robotics Vietnam, a subsidiary of US-based drone manufacturer and solution provider Realtime Robotics (RtR), is set to begin construction of a $13.5 million factory in Ho Chi Minh City in the third quarter of 2024. The project, which reportedly received its latest investment certificate in October 2022, aims to produce 500,000 items annually for drone manufacturing and Big Data processing.
Project Details and Timeline
The RtR factory will be located in Saigon Hi-tech Park, covering an area of 9,343 square meters (100,560 sq ft). The company plans to complete administrative procedures and start the first phase of construction in Q3/2024, followed by the second phase in Q4/2025. The facility is expected to operate at full capacity by 2027.
During construction, the project will employ 80 people, including 10 foreigners. Once operational, the factory will have a workforce of 180, with 20 foreign employees.
Realtime Robotics’ Expertise
Founded by overseas Vietnamese citizen Luong Quoc Viet, RtR boasts a research and development team of 50 expert engineers specializing in various fields such as composites, aerospace, mechanics, electronics, firmware, software, and AI. The company designs and manufactures its drones in-house, including airframes, electronics, payloads, ground control stations, batteries, chargers, control firmware, and analytical software.
DroneXL’s Take
Realtime Robotics’ investment in Vietnam showcases the growing importance of the Southeast Asian nation in the global drone industry. With its skilled workforce and favorable business environment, Vietnam is attracting more and more high-tech investments from international companies. This project not only brings advanced manufacturing capabilities to the country but also creates job opportunities for local talent.
As the demand for drones continues to rise across various sectors, such as agriculture, infrastructure inspection, and defense, RtR’s new factory is well-positioned to meet the increasing need for high-quality, locally-produced unmanned aerial vehicles. The company’s expertise in drone technology and its commitment to in-house design and manufacturing will undoubtedly contribute to the development of Vietnam’s drone ecosystem.
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