The world’s largest contract electronics maker and assembler, Foxconn, has received approval from Vietnam to invest $246 million in two new projects its northern province of Quang Ninh, the local authority said on Friday.
The projects, by its unit Foxconn Singapore, will raise total investments by Foxconn in Vietnam to about $3 billion and will centre on the manufacture and assembly of telecom and electric vehicle (EV) parts, the provincial government said.
Foxconn did not immediately respond to a request for confirmation.
