Foxconn mulls TV assembly plant in Quang Ninh

26-Jun-2019 Intellasia | The Saigon Times | 6:02 AM Print This Post

Taiwan’s Foxconn is planning to develop a TV screen assembly plant in the northern province of Quang Ninh, covering 10 hectares of land and requiring $40 million in funding for the first phase, officials said.

Speaking at a meeting with the provincial government, Harry Zhuo, general director of Foxconn Vietnam, said that the group is considering locating the facility at Dong Mai Industrial Park in Quang Yen Town. The plant is expected to generate 3,000 jobs, the local media reported.

Zhou anticipates that the province will soon approve the plant project and that it will pave the way for Foxconn, formally known as Hon Hai Precision Industry Co Ltd, to invest in more sectors in the northern province.

Meanwhile, the province’s vice chair, Nguyen Van Thang, pledged to create favourable conditions for Foxconn to complete investment procedures as soon as possible and to attract sufficient manpower for the construction process and operation.

Foxconn was founded in 1974 in Taiwan and specialises in the fields of electronics, information technology (IT) and computers, with wide-ranging products related to computers, IT, car parts and environmental protection technology. The group started developing factories in Bac Ninh, Bac Giang and other localities in Vietnam in March 2007.

The group has more than 100 companies and branches in China, Japan, India, Vietnam and Australia with a combined 1.5 million employees. Foxconn, a major Apple Inc. supplier, has expanded its business and developed its own brand since last year.


Category: Business, Vietnam

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