Foxconn

Vietnam is currently Foxconn’s largest production hub in Southeast Asia.

FDI companies, including Foxconn Vietnam, Heesung Electronics, Goertek Technology, Mitac Computer, and Luxshare ICT Vietnam, consider Hanoi as an ideal investment destination for hi-tech projects.

Foxconn plans to invest another US$700 million in Vietnam this year.

Given uncertainties surrounding the US – China relations and the serious Covid-19 situations globally, Vietnam has become a logical choice in the eyes of investors.

Foxconn plans to roll out full-scale production in Vietnam and receive the benefits of the recently-signed RCEP.

Hon Hai Precision Industry, known as Foxconn and the world's biggest contract electronic manufacturer, may launch notebook PC production in Vietnam.

In addition to current incentives, Vietnam also offers tailor-made ones for hi-tech projects that help local firms further integrate into global value chains, said a senior government official.

With a growing number of multinationals looking to set a foothold in Vietnam, the country is having a great opportunity from a new wave of foreign investment, according to the trade ministry.