Illustrative image (Photo: VNA)Recently, Russia's Sputnik news agency posted an article saying that Vietnam is to become a new global production hub. (Photo: VNA)VNA- Vietnam is now on its way to becoming a new global manufacturing centre At a recent Investment Promotion Conference in Vinh Phuc province, K.C Chen, Deputy CEO of Compal Vietnam Co., Ltd (Taiwan) outlined the operation of its 500 million USD laptop factory in Vinh Phuc.According to him, the company is currently a manufacturer for Dell, Google and Amazon. The factory's production activities are stable and it expects to attract 15,000 workers by the end of the second quarter.In addition to this project, Compal - through its subsidiary, has also invested in the Arcadyan Technology project with a capital of 50 million USD in Vinh Phuc, which specialises in manufacturing electronic components. Along with big manufacturers that have their own factories such as Samsung, Intel and LG, there are more and more manufacturers specialising in outsourcing for world-famous electronic brands in Vietnam.Foxconn, Luxshare, Winston, Pegatron and Goertek are typical examples. The presence of the big names has made Vietnam a base for the production of electronics and mobile phone components, with the export turnover of phones and components, electronics, computers and components exceeding 27.3 billion USD in the first quarter of this year.

Source: Viet Nam News April 23, 2022 05:46 UTC