Nokia plant in Vietnam to come operational by 2012

Nokia Group is under the Vietnamese government’s consideration to enjoy incentives to install production plant in Vietnam, the VnExpress reported.
Deputy Prime Minister Hoang Trung Hai ordered Bac Ninh provincial People’s Committee to consider investment certificate for the creation of Nokia Vietnam Co Ltd. Accordingly, Nokia Vietnam will take participate in producing, processing and assembling mobile phones in Vietnam Singapore Industrial Park (VSIP), Bac Ninh province.

For the first phase, Nokia Vietnam will enjoy incentives under current regulations for enterprises in processing zones. When meeting requirements, Nokia will be allowed to register to enjoy same incentives as high-tech enterprises do.

In March, Finish mobile phone producer Nokia signed a long-term agreement to rent land with VSIP Bac Ninh Co to build a plant here. As expected, the plant of Nokia Vietnam will cover 17 hectares and start operation by 2012. This will be the first Nokia plant in Southeastern Asia-Pacific.

Nokia entered Vietnam in 1996. It now has 10 production plants in America Latin (Brazil and Mexico), Europe (Hungary, Romania, Netherlands and UK), and Asia (India, China and South Korea). – Vietbiz24

Tags: Nokia plant in Vietnam

Posted by VBN on Jun 15 2011. Filed under Telecommunication. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry