Foxconn invests 1 million more link bet88 Quang Ninh

Foxconn was awarded the Investment Registration Certificate from Quang Ninh Economic Zone Authority for two projects with total investment capital of 1 million on July 3.

Specifically, the Smart Entertainment Products Project was invested link bet88 Song Khoai Industrial Park (Amata). Covering an area of ​​21.5 ha, the project has total capital of 3.7 million, design capacity of 4.18 million products per year.

The Smart System Project, meanwhile, located link bet88 DEEP C Quang Ninh 2 Industrial Zone with total an area of 12.4 ha. The project has a total capital of 7.2 million, focusing on the high-volume production of smart home systems, design capacity of 8.78 million products per year.

This momentous occasion makes DEEP C the first industrial zone link bet88 Vietnam to host the two Electronics Manufacturing Services (EMS) giants, including Pegatron link bet88 DEEP C Haiphong 2 link bet88 2020 and now, Foxconn link bet88 DEEP C Quang Ninh 2.

With an ambitious timeline set for May 2027, the project plans to complete equipment installation, conduct trial production, and officially commence operations.

These are production projects link bet88 the field of processing and manufacturing industries, link bet88 accordance with the goals and orientation of investment attraction and development of Quang Ninh link bet88 the new period, and are environmentally friendly projects with great added value, economical and effective use of land and resources, and contribute greatly to GRDP growth and budget revenue of the province.

Mr. Cao Tuong Huy, Chairman of the Provincial People's Committee said that the investment demonstrates investors' confidence link bet88 the province's investment environment. "Quang Ninh hopes that Foxconn will continue to stick together and research investment link bet88 the next projects link bet88 the province," he added. "Quang Ninh will become a strategic investment area of ​​Foxconn."

To support Foxconn link bet88 implementing the project, Quang Ninh will establish a working group directly directed by the Chairman of the Provincial People's Committee. The group will take effective support measures so as to remove difficulties, create the most favorable conditions for administrative procedures, and site clearance during project implementation. Meanwhile, the investors are requested to speed up the implementation progress and complete the two projects by September 2025.

Speaking on this occasion, Foxconn's representative said the company is committed to shortening the construction of the two projects by 10 months compared to the initial investment plan, thus completing link bet88 September 2025, as required by Quang Ninh province.

"This is an ideal investment area, consistent with Foxconn's goals, plans and strategies," Foxconn's representative added. "The Group's continued investment link bet88 Quang Ninh has been carefully calculated based on natural, socio-economic conditions and management and direction capacity.We also hope to continue to receive support from the province during the implementation of projects."

Founded link bet88 1974 link bet88 Taiwan (China), Foxconn is operating link bet88 the field of consumer electronics manufacturing, participating link bet88 40 per cent of the consumer electronics market share worldwide.

Foxconn has been investing link bet88 Quang Ninh since 2019 with the S-Vietnam Project link bet88 Dong Mai Industrial Park with an investment capital of 7 million. Currently, the project has gone into stable production and business operations.

The Group theninvested link bet88 two more projects link bet88 the province with a total investment capital estimated at 6 million link bet88 2023.