Taiwan-based maker Foxconn starts display manufacturing factory in Vietnam
 |
| Foxconn Electronics announced the first batch of display screens in Quang Ninh |
Most of the 20,000 screens to be produced each year at the factory in the northern province of Quang Ninh are destined for export, the government said in a statement.
“Foxconn is preparing to expand the project and form a production complex,” it added, saying the plan would make the company the leading exporter in the province.
The nation of 96 million has become a key production base for firms such as South Korea’s Samsung Electronics to LG Electronics Inc. after it signed several free trade pacts.
Foxconn is to expand the Quang Ninh factory, which took a year to build, to eventually produce a million display screens and televisions, for a total export revenue of about $250 million next year, the government said.
That figure is to rise to $1 billion in later years, it added.
Foxconn, the world’s largest contract electronics maker, set up its first factory in Vietnam in 2007 in the northern province of Bac Ninh.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- Chip industry taking on new players (April 17, 2024 | 16:38)
- Support rises in semiconductor chip development in Vietnam (April 17, 2024 | 16:00)
- Beacon Investment Fund to expand Lotus Group's F&B operations (April 17, 2024 | 11:09)
- Public investment progress requires a stronger thrust (April 17, 2024 | 09:21)
- Disbursement delay deemed unacceptable (April 17, 2024 | 09:13)
- Lack of sand prompts alternatives for traffic projects (April 17, 2024 | 08:00)
- Vietnam asks Apple to make it global production base (April 16, 2024 | 16:11)
- SK E&S and T&T Group research LNG project in Quang Tri (April 16, 2024 | 15:38)
- Experts give insight into Vietnam's retail sector (April 16, 2024 | 09:00)
- Warburg Pincus invests in Xuyen A hospital chain (April 15, 2024 | 17:06)
Mobile Version