Electronics Production | July 10, 2007
Foxconn is planning<br>$5 Bn investment in Vietnam
According to local sources Foxconn is planning for major investments in Vietnam.
According to Pricewaterhouse Coopers Vietnam is more attractive for investments than China is. Foxconn is now reportedly walking that way. According to local sources Foxconn is planning to invest $5 billion in Vietnam. Terry Gou, President of the Foxconn Group, has unveiled a plan to invest 5 billion USD in Vietnam and pledged to transfer advanced technology into the country. According to Tam, the Kinh Bac City Group plans to issue some 1,000 billion VND (62.5 million USD) worth of shares to mobilise capital for the construction of more urban and industrial zones.