This information has been shared by Mr. Do Minh Tuan – the President of Thanh Hoa’s People of Committee, published by Tuoi Tre Online.
According to Mr. Tuan, recently, some representatives of Foxconn – a Taiwanese multinational electronics contract manufacturer have held the third meeting with Thanh Hoa People’s Committee to proceed investment procedures.
The People’s Committee has recommended 07 viable investment locations, three out of which has been approved by Foxconn. Specifically, those are: Nghi Son economic zone, an industrial zone located in the west of Thanh Hoa, or the industrial zone in Thieu Hoa district.
It is also informed that the province is enthusiastically coordinating with the investor to speed up the process of applying for the certificate of investment. Meanwhile, Foxconn representative in Vietnam is waiting for opinions and approvals from their headquarter in Taiwan before making the final investment decision.
Previously, Foxconn has proposed an investment package of USD 3.1 billion to build up factories manufacturing electronic components and products in Thanh Hoa province, with a scale of 150ha for each plant. These factories are expected to grant about 100,000 – 150,000 jobs, and approximately USD 10 billion export turnover per annum.
Source: Tuoi Tre Online
Translated by: Dandelion