Foxconn to comes up with additional 1.1 billion USD

11/09/2007 -- 9:36 PM

Vinh Phuc (VNA) – Taiwan’s Foxconn will invest 1.1 billion USD into building an industrial zone and an urban centre in the northern province of Vinh Phuc. A memorandum of understanding (MoU) underscoring the initiative was inked between leaders from Foxconn and Vinh Phuc province that stated Foxconn would develop a 500 ha-industrial zone in Binh Xuyen district during its first phase. Once the work is completed, the group will build a factory to produce wireless fixed telephones and another plant to manufacture mobile telephones with an annual output of 84 million units – the largest of its kind in Southeast Asia. The second phase will see the Taiwanese firm constructing the 500-ha Son Loi urban centre also in Binh Xuyen district. Foxconn is one of Taiwan’s largest groups with annual sales revenue topping 45 billion USD.-Enditem
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