Apple supplier eyes $300-mln plant in northern Vietnam
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Apple supplier Foxconn has leased 50.5 hectares of land in the northern province of Bac Giang and plans to set up a $300-million factory there.
The plant will employ 30,000 people, according to a statement of industrial property developer Kinh Bac City, which manages Quang Chau Industrial Park where Foxconn eyes to make its investment.
Foxconn and another Apple supplier, Luxshare Precision Industry, have started test production of the Apple Watch and MacBook in northern Vietnam and plan to produce them for the first time in the country.
Questions & Answers
Q.Which specific Apple supplier is planning a new factory in northern Vietnam?
Which specific Apple supplier is planning a new factory in northern Vietnam?
The Apple supplier Foxconn has leased land and plans to set up a new $300-million factory. This facility will be located in the northern province of Bac Giang.
Q.What kind of products will be manufactured by Apple suppliers in northern Vietnam?
What kind of products will be manufactured by Apple suppliers in northern Vietnam?
Foxconn and Luxshare Precision Industry have begun test production of the Apple Watch and MacBook. They intend to produce these items for the first time in Vietnam.
Q.How many jobs is Foxconn's new factory expected to create in Vietnam?
How many jobs is Foxconn's new factory expected to create in Vietnam?
The planned factory is projected to employ 30,000 people. This information comes from industrial property developer Kinh Bac City, which manages the industrial park.
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