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Foxconn looks to expand investment in Bắc Ninh

Update: September, 20/2017 - 15:33
Foxconn’s vice chairman Lu Fang Ming mets with Chairman of Bắc Ninh Province’s People’s Committee Nguyễn Tử Quỳnh. — Photo
Viet Nam News

BẮC NINH — Foxconn expects the northern province of Bắc Ninh will continue providing favourable conditions and introduce investment locations where there is ample land and convenient transport infrastructure to expand its production.

This was stated by group vice chairman Lu Fang Ming.

According to information on the province’s official portal, Foxconn officials held a meeting with the provincial People’s Committee earlier this week.

Chairman of the provincial People’s Committee Nguyễn Tử Quỳnh highly appreciated Foxconn for providing jobs and a stable income to thousands of locals and contributing to the State budget.

Quỳnh also introduced some potential industrial parks with favourable transport and modern infrastructure for Foxconn to expand its production.

In addition to the Government’s preferential policies, Bắc Ninh will also have its own specific preferential policies for projects with significant investment.

Foxconn has been in operation for 10 years and specialises in electronic spare parts, IT and telecommunications in Bắc Ninh.

Its factory employs more than 34,000 labourers. Last year, its turnover reached over US$1.5 billion.

In addition to outsourcing and manufacturing for some of the world’s large electronic firms, Foxconn is engaged in mobile phone production for three brand names -- Nokia, Sharp and Infocus.

Bắc Ninh is among the localities with the fastest growth rate in the country, attracting FDI with total investment of some $15.5 billion. — VNS


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