In an official ceremony today, Nokia kicked-off the development of its manufacturing facility in Vietnam, to serve the growing demand for mobile phones all over the world. Located in Vietnam-Singapore Industrial Park (VSIP) in Bac Ninh province, the Nokia Vietnam manufacturing facility is being developed on an area of 17 hectares.
The factory is reported to be worth $302million and Nokia expects to start the operations of this factory in early 2013.
Mary McDowell, Executive Vice President, Mobile Phones, Nokia, said: “Thanks to the valued support from the Vietnamese government, our manufacturing program in Vietnam has been progressing well. The new Nokia manufacturing plant will produce and provide new devices for compelling and affordable, localized mobile experiences, particularly in the growth markets.
“Nokia is also committed to extending our positive reputation as an employer and as a corporate citizen. We expect to attract competent and energetic employees from the local skilled labor force. And in turn, employees at our new factory can expect a state-of-the-art facility and a positive, modern working environment with high professional and ethical standards,” continued McDowell.
Nokia currently operates two representative offices in Vietnam: one in Ho Chi Minh City and the other in Hanoi. These offices carry out marketing and promotion activities for Nokia’s handset business. In 2011, Nokia established a branch office in Phnom Penh, Cambodia, increasing its footprint within the IndoChina region.
In November, 2011, Nokia established a new company, Nokia (Vietnam) LLC, to build and operate the new Vietnam manufacturing facility. It will be Nokia 11th factory and expected to create some 10,000 jobs.