Japan's Foster Group opens mobile component factory
HA NOI — Foster Electric Viet Nam Co Ltd, a subsidiary of the Japanese-based Foster Group, inaugurated a factory to manufacture mobile components at Vinh Hoa – Hung Nam Industrial Zone, Go Quao District, in southern Kien Giang Province on Tuesday.
The factory, the first of its kind in Kien Giang has a total investment capital of more than VND12 billion (US$570,000). It has completed the first phase, including an assembly of the components with an area of 7,000sq.m and an annual capacity of one million products. It is expected to increase capacity to two million products per year in the second phase. — VNS