Nokia inaugurates 1st phone-making plant in Vietnam

TN News

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Nokia held inaugurated the first cell phone factory in Vietnam October 28.

Located in the northern province of Bac Ninh, the Finnish phone producer's first project in Vietnam, which is situated at the Vietnam-Singapore Industrial Park, has been on a trial run since June with 2,500 workers.

The US$300-million plant could create as many as 10,000 jobs and produce 45 million units per quarter when it goes on stream, but the exact time remains unavailable.

Most of the products are for exports.

Chief Executive Stephen Elop said his firm hoped to turn the plant into a model for its other international business ventures.

The phone producer chose to place the factory in the country due to its large labor pool and numerous support and incentives from the government.

News website VnEconomy quoted Ivan Herd, the factory's general director, as saying in June that his factory was producing only the feature phone model Nokia 105 but it planned to scale up operations and make smart phones.

Three major foreign phone producers Samsung and LG, both headquartered in South Korea, and Nokia have also invested in phone manufacturing businesses here.

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