“Earlier this month, Foxconn Group received the green light from the Quảng Ninh provincial government to launch two projects worth US$551 million in the province. These projects, aimed at producing smart entertainment products and smart systems, fall within Quảng Ninh’s target industries for investment in processing and manufacturing. With these initiatives, Foxconn’s total investment in Quảng Ninh rises to nearly $1 billion and surpasses $3 billion in Việt Nam overall. The company is involved in large-scale electronics and components projects in Bắc Giang and Bắc Ninh provinces, including the manufacturing of equipment and components for Apple. Last month, Foxconn also invested $383 million in a project at the Nam Sơn Hạp Lĩnh Industrial Park in Bắc Ninh.” – Viet Nam News
Source: https://vietnamnews.vn/economy/1659967/viet-nam-a-destination-of-pioneering-industries.html
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