Electronics Production | August 29, 2007
Foxconn starts Vietnam operations
Today EMS provider Foxconn started operating in Vietnam. The investment plans is worth $ 5 billion and includes two plants.
The new plants are set to help the company to quickly ramp up its high-tech sector. Foxconn produces products for companies such as Nokia, Apple, Sony in the plant. The company has opened a plant in northern Bac Ninh province. The plant will produce camera modules, main boards and connectors. Another plant was opened in Bac Giang province, north of Hanoi, with a hi-tech park, a new residential township, a golf course, a hospital and a theme park. The investments in the two provinces are worth 163 mln usd, said the Thoi Bao Kinh Te (Vietnam Economics Times). Terry Gou Foxconn president said the company planned to become the largest foreign investor in Vietnam.