Foxconn to Invest $383 Million in Vietnam to Build a Circuit Board Plant

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Foxconn Singapore has been awarded a license to invest $383 Million in a factory to produce printed circuit boards in Vietnam, state media reported on Monday. 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, did not immediately respond to a Reuters request for comment on the report. Foxconn 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.

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