Meiko Electronics of Japan, an Apple supplier, is accelerating construction of a $200-million printed circuit board (PCB) manufacturing factory in northern Hoa Binh province in order to put it into operation in the second quarter of this year.
The facility covers an area of 9.2ha at an industrial zone in the province
Its key products include electronic circuits for peripheral devices, computers, electronic home appliances, audiovisual equipment, solar cells, microprocessor chips, and controllers.
First products are expected to enter the market in October this year, according to President of Meiko GroupYuichiro NAYA.
The group plans to expand the factory, increasing its investment capital to $500 million.
Meiko first invested in Vietnam in 2006, with a factory in Hanoi's suburban district of Thach That.