First Foxconn plant in Vietnam to kick off operation on May 1
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The first plant built by Foxconn Electronics (Hon Hai Precision Industry) in an industry park near Hanoi, Vietnam, will commence operations on May 1, with company chairman Terry Gou to preside over the inauguration ceremony, the Chinese-language Commercial Times quoted sources in Hanoi as saying in a March 30 report.
The newly established plant is expected to initially focus on production of digital still cameras and related optical products, the paper said, noting that Foxconn’s total investment in Vietnam could reach US$5 billion with production likely including PCBs, connectors, computer cases, computer assembly, handsets and related components.
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