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
- Vietnam's logistics sector confronts new challenges (October 31, 2024 | 14:40)
- VinFast to secure $1 billion funding led by Emirates Driving Company (October 31, 2024 | 11:12)
- AD Ports Group seeks to develop logistics and maritime infrastructure in Vietnam (October 31, 2024 | 10:40)
- Vietnam Logistics Summit 2024 to take place on October 31 (October 31, 2024 | 07:48)
- Investment opportunities abound in railway infrastructure (October 30, 2024 | 18:22)
- Saudi Aramco targets Vietnam for refining and distribution (October 30, 2024 | 16:38)
- Japanese ODA is massive contribution for Vietnam (October 29, 2024 | 12:04)
- Five consortiums interested in Quynh Lap LNG plant (October 28, 2024 | 18:06)
- PM Chinh courts Lulu Group for Vietnam expansion (October 28, 2024 | 17:55)
- Vingroup establishes $150 million venture capital fund (October 28, 2024 | 17:02)
Mobile Version