Foxconn is setting foot further into Vietnam with a huge $551 million investment (roughly 4.013 billion Yuan) in two new projects situated in Quang Ninh Province, northern Vietnam. These projects are slated for completion in July 2026 and will focus on smart technology production.
The company’s facilities will manufacture smart entertainment products and system equipment
The first project, located in Song Khoai Amata Industrial Park, will see an investment of US$263.7 million (approximately 1.92 billion Yuan). This facility will churn out smart entertainment products, aiming for an annual production capacity of 4.18 million units.
The second project is situated in Bac Tien Phong Industrial Park and boasts an investment of US$287.2 million (approximately RMB 2.092 billion). Spanning 12.4 hectares, this location will concentrate on producing intelligent system equipment. Following a period dedicated to installing machinery and testing everything out, official production is expected to kick off in May 2027.
(Via)
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