More investments in<br>Vietnam for Foxconn

Foxconn has inked a major agreement with the Vietnamese Ministry of Planning and Investment. The agreement covers the commitment to a major investment program for Foxconn. Foxconn will invest a total of US$5 billion in many areas, including hi-tech, real estate and supporting industries. The group has opened two hi-tech factories with combined investment of US$160 million in Bac Ninh Province. The presence of Foxconn, which ranks 150th in Fortune 500, will attract many of its satellites to Vietnam.