A major supplier of Apple products has signed a deal to build a factory in Vietnam.
Foxconn Singapore Pte Ltd will build a $270 million plant to produce laptops and tablets at Quang Chau industrial park in the northern province of Bac Giang.
The company was among four projects of Singaporean and Hong Kong investors with total capital of nearly $570 million awarded investment certificates at a ceremony on January 18.
Besides Foxconn, Risesun Investment Pte Ltd (Singapore) will invest $75 million in a plant to produce plastic and composite products and $6 million into another factory to manufacture PVC decorative films at Hoa Phu industrial park.
Ja Solar Investment (Hong Kong) Ltd will invest $210 million in a photovoltaic manufacturing plant at Quang Chau industrial park.
Addressing the ceremony, chairman of the provincial People’s Committee Le Anh Duong pledged to provide investors with the best technical infrastructure and services while facilitating administrative procedures for those investing in the locality.
He said Bac Giang would organise regular dialogues with enterprises to remove bottlenecks in a timely manner.
The official asked the investors to carry out their projects in line with schedule, prioritise high technologies in production, as well as work to balance the benefits of their companies and the workers.
The investors should work with local authorities to receive timely support and access preferential investment policies in the province, he added.
Zhuo Xianhong, director-general of Foxconn in Vietnam, on behalf of the investors, pledged to abide by Vietnamese laws.
He said he hoped to receive support from authorities in Bac Giang.
VIET NAM NEWS/ANN