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The Foxconn Technology Group (Taiwan), led by Lam The Xuong, who is in charge of the investment in Vietnam, visited Binh Dinh and signed a memorandum with the provincial People’s Committee. Binh Dinh Newspaper reporter had an interview with him on this issue.
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Factories are built in the Nhon Hoi Economic Zone. Photo Dao Tien Dat
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*Q: Could you talk about Foxconn’s plans to invest in Vietnam?
A: Vietnam is now very attractive to investors in the world and we plan to invest nearly US$5 billion in Ha Noi, Hai Phong, Bac Ninh, Bac Giang, Vinh Phuc, Lang Son, Da Nang, Binh Dinh, HCM City.
Foxconn can conduct investment projects in record time. As we know, it often takes at least two year for an investor to finish a project in Vietnam, but Foxconn needs only one third of that time to finish. In fact, our CEO visited Vietnam on the occasion of APEC in late 2006 and he was impressed with Vietnam and he decided to invest in Vietnam. In the August this year we will have had products produced from four Foxconn’s factories in Que Vo (Bac Ninh province) and Hai Phong.
*Q: What do you think about Nhon Hoi Economic Zone and what is the Foxconn’s plan there?
A: In our opinion, Binh Dinh in general and the Nhon Hoi Economic Zone in particular have big advantages to attract foreign investors because Binh Dinh is at the central of Vietnam. Moreover, this is also an important place for the air, road and rail transport, so projects conducted in Binh Dinh will be able to have a good influence. We also realize the goodwill in cooperation of provincial authorities and Binh Dinh people.
Foxconn Technology Group is one of Taiwan leading companies. The Group's principal activities are manufacturing, processing and trading of computer terminator, monitor, electronic calculator and peripheral equipment, electric power provider and component, precision component and magnesium machinery casing. |
The Chairman Vu Hoang Ha just signed a memorandum with Foxconn. Accordingly, Binh Dinh province People’s Committee approved the Foxconn Group’s project to invest in the Nhon Hoi Economic Zone within 70 years. Accordingly, the Foxconn Group will invest in developing the infrastructure of the industrial zone on an area of 700 ha, building houses and service area for workers and a new urban on an area of 300 ha, and building a resort along the Nhon Ly – Trung Luong coastal area with an area of 50 ha. The total investment capital of all projects is about US$ 1 billion. The Foxconn Group promised to conduct the survey and the investment project and to follow regulations of Vietnamese Government.
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Interviewer: Cat Hung
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Translated by Hong Quang
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