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Taiwanese firm Foxconn plans to invest a $40-million assembly factory in Quang Ninh

Thứ Sáu, 12/07/2019 - 16:00

Foxconn Vietnam, a Taiwan-based electronics giant, is considering setting up a television screen component factory in the Northern province of Quang Ninh. Once completed, it is expected to make available 3,000 jobs for local workers.

A the working session between Foxconn Vietnam General Director Harry Zhuo and Vice Chairman of the Quang Ninh provincial People’s Committee Nguyen Van Thang. (Photo: baoquangninh.com.vn)

A the working session between Foxconn Vietnam General Director Harry Zhuo and Vice Chairman of the Quang Ninh provincial People’s Committee Nguyen Van Thang. (Photo: baoquangninh.com.vn)

Foxconn Vietnam General Director Harry Zhuo recently had a working session with Vice Chairman of the provincial People’s Committee Nguyen Van Thang to seek investment opportunities in the province.

The factory is planned to cover an area of 10 hectares in the Dong Mai Industrial Park in Quang Yen township with total investment of 40 million USD in the first phase, according to Foxconn Vietnam general director Harry Zhuo, who met with the Quang Ninh People’s Committee last week.

Vice chairman of the Quang Ninh People’s Committee Nguyen Van Thang committed to supporting the company along the way with the required administrative procedures, so that Foxconn can receive the investment certificate as soon as possible.

At the same time, Quang Ninh will create favourable conditions for Foxconn Vietnam to invest in the project and recruit workers during the process of doing business and production.

Harry Zhuo said thanks to its achievements in economic development and modern transport infrastructure, Quang Ninh has attracted many major economic groups and this was also a big opportunity for Foxconn Vietnam to invest in the province.

Zhuo expressed his hope for the plant to be soon be approved by the local authorities, stressing that the establishment of it will become a basis for Foxconn’s additional investments in the province in the near future.

Foxconn, or Hon Hai Precision Industry Co., Ltd., was founded in 1974 in Taiwan and has become the world’s largest provider of electronics manufacturing services. The company built its first factory in Vietnam in March 2007. It now has three plants in Bac Ninh and Bac Giang provinces.

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