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Nokia inaugurates 300 mln USD plant in Vietnam

The world’s leading mobile phone manufacturer inaugurated a 300 million USD 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.
The world’s leading mobile phone manufacturer inaugurated a 300 millionUSD factory in northern Bac Ninh province on October 28 after one and ahalf years of construction, aiming to boost Vietnam’s capacity in phoneproduction.

Addressing the inaugurationceremony, Deputy Minister of Planning and Investment Dang Huy Dong saidthe high-tech project of Nokia contributes greatly to the bustlingdevelopment of the country’s technology sector.

Stephen Elop, Executive Vice President of Nokia Devices andServices, said Nokia will continue its investment in developing theVietnamese labour force, with the view to raising the workforce’scompetitive capacity in the global market.

Covering a total area of 65,400 square metres, the factory initiallymanufactures the Nokia 105, shipping 95 percent abroad with five percentto be sold in the domestic market.-VNA
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