Foxconn Singapore has received a licence to invest $383 million in a factory to produce printed circuit boards in Vietnam, state media reported.
The plant in the northern province of Bac Ninh will produce 2.79 million products a year, Cong Thuong newspaper reported.
Foxconn, the world’s largest contract electronics maker and assembler, has invested more than $3.2 billion in Vietnam since fist entering the Southeast Asian country in the 2000s. Most of its manufacturing plants 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 at Bac Giang.
