A motorcyclist rides past the logo of Foxconn, the trading name of Hon Hai Precision Industry, in Taipei, Taiwan March 30, 2018. Photo by Reuters/Tyrone Siu.
Taiwanese electronics contract manufacturer Foxconn has produced the first batch of display screens at its $26-million factory in the northern Quang Ninh Province.
The 100,000-sq.m plant at the Dong Mai Industrial Park near Ha Long Town, whose construction started in September last year by the company, formally known as Hon Hai Precision Industry Co., is expected to produce 20,000 screens this year for exports, the government news site reported.
In 2021, it will produce a million screens and television sets worth $250 million form exports, and this will rise to $1 billion in future.
Foxconn, a major assembler of Apple products, including the iPhone, and the world’s largest contract manufacturer, came to Vietnam in 2007, and has been operating mainly in the northern provinces of Bac Ninh, Bac Giang and Vinh Phuc, making computers and other electronic products and car parts.
It has said Vietnam is its largest manufacturing hub in Southeast Asia.
This year it expects its exports from Vietnam to double to $6 billion.