HANOI (Reuters) – Foxconn Singapore has received a license to invest $383 million in a factory to produce printed circuit boards in Vietnam, state media reported on Monday.
The factory in the northern province of Bac Ninh will produce 2.79 million products a year, newspaper Cong Thuong reported.
Foxconn, the world’s largest electronics manufacturer and contract assembler, did not immediately respond to a Reuters request for comment on the report.
Foxconn has invested more than $3.2 billion in Vietnam since it first entered the Southeast Asian country in the 2000s. Most of its factories are located in the northern provinces of Bac Ninh and Bac Giang.
Earlier this month, Vietnamese state media said Foxconn will produce 5G AirScale equipment for Nokia in Bac Giang.
(Reporting by Khanh Vu; Editing by Susan Fenton and Alexander Smith)
