Nokia inaugurates 300 mln USD plant in Vietnam

The world’s leading mobile phone manufacturer has inaugurated a 300 million USD factory in northern Bac Ninh province 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 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.

A Nokia mobile phone made in Vietnam.

Addressing the inauguration ceremony, Deputy Minister of Planning and Investment Dang Huy Dong said the high-tech project of Nokia contributes greatly to the bustling development of the country’s technology sector.

Stephen Elop, Executive Vice President of Nokia Devices and Services, said Nokia will continue its investment in developing the Vietnamese labour force, with the view to raising the workforce’s competitive capacity in the global market.

Covering a total area of 65,400 square metres, the factory initially manufactures the Nokia 105, shipping 95 percent abroad with five percent to be sold in the domestic market.