[lbo-talk] Taiwan's Hon Hai to invest $! bn in Vietnam

uvj at vsnl.com uvj at vsnl.com
Tue Jan 9 16:07:35 PST 2007


Nhan Dan http://www.nhandan.com.vn/english/

Last updated: 17:2 - January 9, 2007

Taiwan's Hon Hai to invest in Vietnam http://www.nhandan.com.vn/english/business/090107/business_tai.htm

Taiwan's Hon Hai Precision Industry Co., the world's No.1 electronics contract manufacturer by revenue, plans to invest US $1 billion to build factories in Vietnam, company spokesman Edmund C.A. Ding said Monday. "Vietnam's general investment environment is pretty good," Ding said. "We've considered the logistics and the company's supply chain and we've taken into account the opinion of our existing and target customers."

Ding said the company has yet to pick a location for the production site, though it favors northern Vietnam. Hon Hai expects mass production at its planned Vietnam factories to begin "within a year," he said.

Hon Hai, a contract maker of a wide array of electronics and parts, including motherboards and connectors, already has factories in Taiwan, China, Brazil, the Czech Republic and Ireland.

The Hon Hai group, which includes Foxconn International Holdings Ltd., is a contract supplier of iPod for Apple Computer Inc. and mobile phones for Nokia Corp. (AP)

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