On June 25, it was reported that Foxconn Singapore had obtained permission to invest US $383 million in Vietnam to build a factory producing printed circuit boards (PCBs).The factory in North Vietnam's Beining Province will produce 2.79 million products every year.
Foxconn is the world's largest contract electronics manufacturer and assembler.Since it first entered Southeast Asian countries in the 2000s, Foxconn has invested more than 3.2 billion dollars in Vietnam. Most of its manufacturing plants are located in Beining and Beijiang.
In June this year, the media reported that Foxconn would produce 5G AirScale devices for Nokia in Beijiang.
Recently, Fuzhikang, a subsidiary of Hon Hai, said that its wholly-owned subsidiary had received a grant to invest in Fushan Technology, a Vietnamese subsidiary, for the third time, with an amount of about US $42.362 million.
Fushan's main businesses include mobile phone equipment and audio equipment (earphones, smart speakers and microphones), computer equipment (e-readers and PCB assembly), optical equipment (optical and digital projectors, lenses and optical ultrasonic equipment and PCB assembly), wearable equipment (smart watches) and electronic and telecommunications equipment (smart encrypted electronic wallets and 5G routers)Manufacturing, processing and assembly.
Fuzhikang pointed out that Vietnam Fushan's business continued to diversify, including household appliances, functional mobile phones and smart phones, auto parts, ICT, electric cars, tablet computers, etc.
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