The world’s largest electronic outsourcing manufacturer is delaying its massive investment plans for Vietnam due to global economic recession.
Vu Due Quyet, director of Bac Ninh Industrial Zones Authority, said Taiwan’s Foxconn had done nothing to pursue its hi-tech industrial park and township project in Bac Ninh province, 30 kilometres north of Hanoi. Two years ago, [...]
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Foxconn steps back from projects
Vietnamese Electronic, IT Exports may hit $3b
The Vietnam’s electronic and information technology export turnover this year may reach US$3 billion, according to Tran Quang Hung, General Secretary of the Viet Nam Electronic Industries Association (VEIA).
Like previous years, more than 90 per cent of the total export turnover is forecasted to come from companies with foreign-invested capital.
Vietnamese electronic enterprises are generally small-and [...]
