Compal's Vietnam Facility Approved by Local Gov't
October 19, 2007
The Vietnamese government recently announced that it has approved Taiwan-based Compal's investment plan to build an electronics manufacturing facility in the Ba Thien Industrial Park in Vinh Phuc province, near Hanoi. The overall investment is valued at US$500 million.
In an Asia Express dated August 17, 2007, it was reported that Compal would initially invest around US$30 million in a new notebook PC plant in Vietnam. According to a recent report by VNA (Vietnam News Agency), with the land cleared for construction, Compal is scheduled to begin construction on the new facility in the fourth quarter of 2007. Inauguration of operations is slated for 2012 at the latest, instead of 2009 as originally planned. Upon completion, the facility is expected to turn out 24 million PCs annually.
In addition to notebook PCs, the facility is also expected to manufacture PC peripherals, PC and LCD (Liquid Crystal Display) screens, and other electronic components, according to the same report. Furthermore, the facility is projected to incorporate R&D capacity as well.
Comapl's investment in Vietnam is projected to create approximately 35,000 new jobs. Moreover, the new facility is expected to attract 50 other component manufacturers to set up supporting projects in the vicinity, with an estimated overall investment of US$1 billion.