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Business | April 23, 2012

Nokia confirms Vietnamese manufacturing plans

Nokia officially starts the development of its manufacturing facility in Vietnam.
Located in Vietnam-Singapore Industrial Park (VSIP) in Bac Ninh province, the Nokia Vietnam manufacturing facility is being developed on an area of 17 hectares. Nokia expects to start the operations of this factory in early 2013.

"We highly appreciate Nokia's efforts in making this commitment a reality, which contributes to the growth of foreign investment in Vietnam in general and in Bac Ninh in particular. We also hope this will bring up not only economic value, but also other social benefits for the country like job creation and community knowledge enhancement on information technology alike," said Mr. Nguyen Nhân Chien, President of People's Committee of Bac Ninh province.

Nokia first opened its doors in Vietnam in 1996 and, like many successful multinationals, saw Vietnam as a growing market with opportunity and potential. In light of the respect Nokia has wherever it operates, the company has worked hard to quickly become part of the Vietnamese community.

Nokia currently operates two representative offices in Vietnam: one in Ho Chi Minh City and the other in Hanoi. These offices carry out marketing and promotion activities for Nokia's handset business. In 2011, Nokia established a branch office in Phnom Penh, Cambodia.

In November, 2011, Nokia established a new company, Nokia (Vietnam) LLC, to build and operate the new Vietnam manufacturing facility.
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