Foxconn Invests $383 Million in New PCB Manufacturing Plant in Kinh Bắc Industrial Park

On June 6, the Bac Ninh Provincial People's Committee approved and issued an investment registration certificate for the FCPV Foxconn Bac Ninh project located in the Nam Son - Hap Linh Industrial Park, Tien Du District, Bac Ninh Province. 

As of June 17, 2024, Foxconn Singapore PTE LTD, a subsidiary of Foxconn based in Singapore, established Foxconn Precision Board (Vietnam) Co., Ltd. to implement the project in Vietnam. 

The "FCPV Foxconn Bac Ninh" plant project aims to manufacture electronic components, specifically producing, assembling, and processing printed circuit boards (PCBs) with a total capacity of 2,793,000 products per year, equivalent to 2,989 tons per year. The project covers an area of 142,693.3 square meters with a total investment capital of VND 9,456.75 billion (approximately USD 383.33 million). 

Nam Son - Hap Linh Industrial Park is one of the industrial zones in Bac Ninh under the Kinh Bac Urban Development Corporation. 

In June 2023, Foxconn was granted a USD 250 million investment certificate for two electric vehicle component factories in Quang Ninh. Additionally, Foxconn subsidiary ShunSin Technology planned to invest USD 20 million to establish a new semiconductor company named ShunSin Technology (Vietnam). 

Foxconn began investing in Vietnam in 2007 with a factory in Que Vo Industrial Park. The company now has factories in various industrial parks, including Que Vo, Dai Dong - Hoan Son, VSIP in Bac Ninh; Dinh Tram, Van Trung, Quang Chau in Bac Giang; and Dong Mai in Quang Ninh, employing over 60,000 workers, engineers, and experts. As of February 2024, Foxconn has invested USD 3.2 billion in Vietnam.