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Vietnam gives Foxconn unit licence for $270 million plant to produce laptops, tablets

Published 01/18/2021, 12:25 AM
Updated 01/18/2021, 03:15 AM
© Reuters. FILE PHOTO: Sign of Foxconn is seen at a glass door inside its office building in Taipei

By Khanh Vu

HANOI (Reuters) - Vietnam on Monday awarded a licence to a unit of Taiwan's Foxconn Technology Co Ltd to build a $270 million plant to produce laptops and tablets, the Vietnamese government said.

The plant, to be developed by Fukang Technology, will be located in the northern province of Bac Giang and will annually produce eight million units, the government said in a statement on its website.

Foxconn has so far invested $1.5 billion in Vietnam and plans to raise its investment by $700 million and recruit 10,000 more local workers this year, the government said.

Separately, state media reported last week Foxconn was also looking into investing $1.3 billion in Thanh Hoa province, 160 km (99.42 miles) south of Hanoi.

Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc (NASDAQ:AAPL), a person with knowledge of the plan said in November, as the U.S. firm diversifies production to minimise the impact of Sino-U.S. trade tensions.

Foxconn did not immediately respond to an email seeking comment.

Latest comments

Don't let anyone take you for a ride.. Who is enemy and who is your you will never know.. Never trust the whites because they don't even trust themselves.. Pray hard
Please veitnam.. Learn from history... So what fox con is from Taiwan.. Technology know how is from US... Without their technology you think you can survive? Remember veitnam war.. Who help you from behind.. India?.. Japan?.. Or European?.. Young veitnamese will not know how their parents suffer.. Now they scream and shout.. Long live American.. What's come around goes around.. US is laughing because.. Japanese is the same specis
Foxconn is a Taiwanese company.
Good for veitnam... 5 years down the road.. USA will sanction Vietnam like what they did to China.. Usa is always jealous when other countries is progressing..
vietnam is also good in software certainly
Apple should have done this long time ago. Never too late. Hope more companies will follow away from China.
Agree. It's time western companies take advantage and pollute other eastern asian countries than China.
Good for Vietnam.
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