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Apple's top partner invests in a $100 million project in Nghe An, Vietnam

Accordingly, Foxconn will invest in a project at WHA Industrial Zone 1 - Nghe An on an area of about 48 hectares. The total investment capital of the project is 100 million USD. The company manufactures wireless headphones, connecting wires, wireless chargers, speakers, and connectors.
Previously, on May 8, 2023, Foxconn announced information on the Taiwan Stock Exchange, its subsidiary, Fu Wing Interconnect Technology (Nghe An) Co., Ltd., using 48ha of land at Lot B3 of WHA Industrial Zone1. This transaction is worth 509.5 billion VND, equivalent to 1,061,460 VND/m2.
According to the investment registration certificate, from June 2023 to June 2024, Foxconn will complete the project's factory construction and ancillary works from July 2024 to October 2024. Foxconn will import equipment, operate it, test it, and calibrate it.
By November 2024, the factory will officially go into production with a design capacity of nearly 400 million connection wires/year; more than 94 million wireless chargers/year; nearly 10 million wireless headphones/year; more than 244 million speakers/year and over 627 million connectors/year.
Foxconn is a multinational corporation established in 1974, headquartered in Taiwan (China). After many years of development, until today, Foxconn has become the largest electronics manufacturer in the world, the company's leading manufacturing partner of Apple.
Foxconn's main job is to assemble and manufacture electronic products for big companies in the US, Canada, China, etc. Among the manufactured products, the most prominent are Iphone, Ipad, iPod (Apple), Kindle (Amazon), and PlayStation (Sony). In 2018, Foxconn produced more than half of all mobile phones worldwide.
Besides assembling and manufacturing electronic products, Foxconn also provides many technology solutions and research in areas such as AI, electronic health, and devices running on 5G and 6G platforms...
Foxconn has invested in constructing several plants in Vietnam to manufacture home electronics, including Fukang Technology, Fuyu (Bac Giang), and Competition Team Technology Vietnam (Quang Ninh).
Additionally, this company takes part in constructing the infrastructure for industrial parks through initiatives like the Binh Xuyen 2 Industrial Park in Vinh Phuc and the Van Trung Bac Industrial Park in Bac Giang.
Building a factory in Nghe An opens many job opportunities and increases people's income. Mr. Le Tien Tri, the head of the management board of Southeast Nghe An Economic Zone, told Nhadautu. vn that because the plant has yet to be put into operation, confirming the wage Foxconn would provide is not feasible. 
Mr. Le Tien Tri claims that the current monthly pay in Nghe An is only between 5 and 12 million VND. However, since Foxconn is a sizable FDI company, it will need to provide a higher wage in the future to draw in workers. This compensation is anticipated to range between VND 12 and 20 million.

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