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Bac Giang welcomes two projects worth $700 million

Major ventures on way from chip makers

VIETNAM BUSINESS NEWS JULY 8

VIETNAM BUSINESS NEWS JULY 8
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Bac Giang province implements dual task to prevent manufacturing chain disruptions

Businesses cautious in Bac Giang province

 Businesses cautious in Bac Giang province 23:12 | 26/05/2021 Photo: Duc Thanh The four industrial zones (IZs) of Dinh Tram, Quang Chau, Van Trung, and Song Khe-Noi Hoang are home to over 300 foreign-invested enterprises (FIEs) with some 163,000 workers, but these manufacturing hubs of large-scale FIEs in such as Luxshare, Foxconn, Hosiden Vietnam, and SI Flex are undergoing some serious restrictions. Apple’s largest supplier Foxconn was preparing for interruption of facilities in Bac Giang which will impact the overall operation of the group in Vietnam, with Luxshare also expected to face disruption. Foxconn has three factories in Bac Giang – Fuhong Precision Component Co., Ltd., New Wing Interconnect Technology Co., Ltd., and FuGiang Co., Ltd. At present, the operation of the former has yet to be impacted by the pandemic, but the remaining facilities are larger in scale and thus interruption is expected.

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