Nokia inaugurates US$300 mln plant in Vietnam
The world’s leading mobile phone manufacturer inaugurated a US$300 million factory in northern Bac Ninh province on October 28 after one and a half years of construction, aiming to boost Vietnam’s capacity in phone production.
Addressing the inauguration ceremony, Deputy Minister of Planning and Investment Dang Huy Dong said the high-tech project of Nokia contributes greatly to the bustling development of the country’s technology sector.
Stephen Elop, Executive Vice President of Nokia Devices and Services, said Nokia will continue its investment in developing the Vietnamese labour force, with a view to raising the workforce’s competitive capacity in the global market.
Covering a total area of 65,400 square metres, the factory initially manufactures the Nokia 105, shipping 95% of its product abroad.