State President pledges good conditions for Nokia

March 03, 2011 | 06:59

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The Nokia group should believe in fruitful investment prospects in Vietnam on the grounds of the current growing cooperation between Vietnam and Finland , said State President Nguyen Minh Triet.

>> Nokia to open factory in Vietnam in 2012

At a reception in Hanoi on March 3, President Triet warmly welcomed Vice President of the Finnish Nokia Group Esko Aho on his business trip to kick off the building of a mobile phone plant in Vietnam.

Triet expressed his hope that the construction of the Nokia plant in Vietnam will start soon so it will contribute to the host country’s socio-economic development, as well as the group’s growth.

He reiterated that Vietnam has always created favourable conditions for foreign investors, including Nokia, to invest in the country.

The Nokia executive told his host that the group aims to complete construction of its Vietnam mobile phone plant by the end of 2012, so it can launch the first products to the market at the beginning of 2013, with 95 per cent targeted for export.

Located in the northern province of Bac Ninh, the 200 million euros plant is expected to create jobs for about 10,000 Vietnamese workers.

VIR/VNA

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