Foxconn gets green light for $270M factory in Vietnam

The plant will be located in the Quang Chau Industrial Park in the northern province of Bac Giang and will annually produce eight million units, the government said in a statement on its website.

Last November, Apple urged Foxconn to move some of its iPad and MacBook assembly lines to Vietnam as the United States technology giant sought to diversify its supply chain.

For his part, Bac Giang Chairman Le Anh Duong affirmed that the province will provide investors with the best technical infrastructure and services as well as dealing with the relevant administrative procedures effectively to facilitate investors as best as possible.

One of Apple's largest manufacturing partners, Foxconn has plans to raise its investment in Vietnam by a further US$700 million and hire about 10,000 more workers this year.

Approved four projects include Foxconn Singapore's Fukang; Ja Solar Investment Hong Kong's Ja Solar PV Vietnam photovoltaic cell technology, Risesun New Material Vietnam Factory Project and Kodi New Material Vietnam Factory of Risesun Investment Pte.

On top of that, local reports have also indicated that Foxconn is planning to devote an supplemental 1.3 billion US Bucks in the Thanh Hoa province, which is south of Hanoi. In other words, we can soon see Apple MacBook and iPads that were made in Vietnam be in circulation across the globe.

The report did not reveal when the plant will begin production.