Foxconn

The Hanoitimes - Foxconn plans to invest another US$700 million in Vietnam this year. Foxconn Singapore Pte, a wholly-owned subsidiary of Taiwan-based Foxconn or Hon Hai Precision Industry, today [January 18] received an investment license from the authority of Vietnam’s northeastern province Bac Giang for a US$270-million manufacturing project. General Director of Foxconn Singapore Pte Ltd Zhuo Xian Hong. Known as a manufacturing partner of Apple, Foxconn would build a plant named Fukang Technology that is specialized in manufacturing tablets and laptops with the production capacity of eight million units per year. General Director of Foxconn Singapore Pte Ltd Zhuo Xian Hong said the company made inroads into Vietnam in  2007 with the first two manufacturing plants in Bac Ninh and Bac Giang. As of December 2020, total investment capital of the group stood at US$1.5 billion and employed over 53,000 locals, in which the investment capital in Bac Giang … [Read more...] about Foxconn to make Macbook, Ipad in Vietnam

The Hanoitimes - Vietnam is currently Foxconn’s largest production hub in Southeast Asia. Taiwan-based Foxconn or Hon Hai Precision Industry, known as a major manufacturing partner of Apple, has announced its plan to recruit 1,000 workers for assembling electronic parts. Under the announcement, workers are required to work at Dinh Tram, Quang Chau, and Van Trung industrial parks in Bac Giang province, and Que Vo industrial park in Bac Ninh province, with an income of VND8-10 million (US$348-435) per month. Foxconn among investors receive investment licenses from Bac Giang's authorities. Photos: Duong Thuy In January, the firm received an investment license from the authority of Vietnam’s northeastern province Bac Giang for a US$270-million manufacturing project. The plant would be specialized in manufacturing tablets and laptops for Apple with the production capacity of eight million units per year. Making inroads into Vietnam in 2007 with … [Read more...] about Foxconn to recruit 1,000 workers in Vietnam

The Hanoitimes - Foxconn plans to roll out full-scale production in Vietnam and receive the benefits of the recently-signed RCEP. Foxconn, formally known as Hon Hai Precision Industry, plans to expand production in Vietnam with an investment of around US$270 million, Nikkei reported. Foxconn will soon establish a new local company in Vietnam. The Taiwan-based company, which just began the production of liquid crystal displays in Vietnam last week, aims to take advantage of the new Regional Comprehensive Economic Partnership (RCEP) agreement, and hopes to bolster its production capacity in the country. The 15-member RCEP was signed on November 15 in a bid to reduce tariffs and allow seamless trade in Asia. Foxconn plans to roll out full-scale production in Vietnam and receive the benefits of the free trade framework. Foxconn will soon establish a new local company in Vietnam. Further details have yet to be disclosed, but the company will likely produce … [Read more...] about Foxconn to invest US$270 million in Vietnam for production expansion

All workers who were successful in the recruitment process are expected to begin work at either the Dinh Tram Industrial Park, Quang Chau Industrial Park, or Van Trung Industrial Park in the northern province of Bac Giang, or alternatively Que Vo Industrial Park in the northern province of Bac Ninh. Employees will receive a total salary of VND8 million per month, in addition to fees to cover the cost of meals and accommodation. Along with this, Foxconn has revealed that employees will be covered by insurance from the start, including their month of probation. Along with recruiting unskilled workers, Foxconn has also recruited other positions such as SQE engineers, sanitation workers, cafeteria, and management staff. In addition, Foxconn is also accepting candidates who are just graduates. This comes after Bac Giang Provincial People's Committee granted investment certificates in mid-January to four projects with a total registered capital of US$570 million, including a Fukang … [Read more...] about Foxconn recruits thousands of workers in Bac Ninh, Bac Giang

The Fukang Technology Factory project by Foxconn Singapore PTE Ltd in Quang Chau Industrial Park aims to both manufacture and outsource tablets and laptops. The production line is set to be built with a design capacity of reaching roughly eight million products annually. Zhuo Xianhong, general director of Foxconn Group in Vietnam, said as of December, 2020, the firm’s total investment capital in the nation hit US$1.5 billion, including US$900 million in  Bac Giang alone, thereby creating jobs for over local 35,000 workers. This year the group is anticipated to increase investment capital by US$700 million, serving to generate an additional 10,000 jobs in the process. Three other projects receiving investment licenses this time include a US$210 million project on Ja Solar PV Vietnam photovoltaic cell technology by Ja Solar Investment (Hong Kong) Limited, a US$75 million project on Vietnam Risesun New Material Factory, and a US$6 million project on Kodi New Material Vietnam Factory … [Read more...] about Foxconn pours US$270 million into Bac Giang project