Foxconn: Vietnam is biggest manufacturing hub in Southeast Asia

[Viet]

By Dat Nguyen
Thu, 6/25/2020 | 14:03 (GMT+7)

Key Apple supplier, Taiwan’s Foxconn, has said for the first time that Vietnam is its largest manufacturing hub in Southeast Asia.

Employees work inside a Foxconn factory in the township of Longhua in the southern Guangdong province, China. Photo by Reuters/Bobby Yip.

Young Liu, its chairman, mentioning this at the company’s annual general meeting on Tuesday, said Taiwan, India and Vietnam have been the locations where the world's largest contract manufacturer has been expanding its operations in the last two years.

Foxconn invested 6 billion New Taiwan dollars ($203 million) in Vietnam in 2018 and 2019, and NT$11 billion ($372 million) in India in the same period, he said.

Google's upcoming smartphone, Pixel 5, would be produced in Vietnam later this year by a Foxconn affiliate, multiple sources told the Nikkei Asian Review.

Foxconn first came to Vietnam in 2007. Its three plants in the country manufacture and assemble computers, car parts and other electronics.


Experts say Vietnam has become a promising manufacturing destination for multinationals post-pandemic thanks to its early and effective efforts to contain the novel coronavirus.

Apple has started assembling its wireless earphone Airpods Pro in Vietnam, while Microsoft is scheduled to produce notebooks and desktop computers in the northern region from this quarter.


https://vnexpress.net/news/business/companies/foxconn-says-vietnam-is-biggest-manufacturing-hub-in-southeast-asia-4120700.html

 

[Viva_Viet]

Seem like Foxconn wanna leave CN and move to VN when Iphone sale in CN cant meet the expectation due to trade war

 

[ILC]

I think @Paul2 was talking about some big factory being built in Vietnam, so you might be right that Foxconn(or other big company) is going to withdraw from China step by step.

 

[FairAndUnbiased]

I think @Paul2 was talking about some big factory being built in Vietnam, so you might be right that Foxconn(or other big company) is going to withdraw from China step by step.

they won't totally withdraw. they will still make for the Chinese market due to luxury tariffs.

they're also dependent on China for chemicals, parts, plastics, etc. Vietnam is going nowhere.

 

[ChinaToday]

Very good news for the Vietnamese Chinese , as always my uncle in Vietnam is going to make lots of money.

 

[FairAndUnbiased]

Very good news for the Vietnamese Chinese , as always my uncle in Vietnam is going to make lots of money and Vietnamese will be dirt poor as usual

they need to buy guns and establish expat compounds in Vietnam. Otherwise their wealth can be taken away.

 

[ChinaToday]

they need to buy guns and establish expat compounds in Vietnam. Otherwise their wealth can be taken away.

No need for that the viet can be easily bought, we have all the connections right to the top