Foxconn Singapore PTE Ltd increases investment capital in Bac Giang

Update: 21:35 | 25/02/2021

(BGO) - Foxconn Singapore PTE Ltd has just decided to increase its registered investment capital for the Fukang Technology Factory project in the Quang Chau Industrial Park (Viet Yen district) by 23 million USD, bringing the total investment capital of this project to 293 million USD.

The project was approved in principle by the provincial People's Committee in mid-January 2021. It will manufacture tablets, laptops, smart speakers and motherboards with a capacity of more than 16 million products per year, including over 6.2 million tablets, 1.8 million laptops, 4 million smart speakers and 4 million motherboards.

Foxconn Singapore PTE Ltd, investment capital , Bac Giang

Chairman of the Bac Giang provincial People's Committee Le Anh Duong grants the investment licence to the representative of the Hong Hai Technology Group (Foxconn) in Vietnam.

Now, the infrastructure investor of the Quang Chau Industrial Park is focusing on speeding up the leveling progress on the cleared area to soon hand over the ground to the investor for the project implementation. Foxconn is in need of 1,000 workers for its factories in Bac Giang and Bac Ninh provinces. 

The group said the employees will work under contract with a total monthly income of 8-10 million VND (348-435 USD) and have social insurance premiums paid by the company right from the first month of working. In particular, they will enjoy a basic salary of 4.9 million VND (213 USD), accommodation and diligence allowances of 500,000 VND each, and an amount of over 1.2 million VND in support for their living and meal costs per month.

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