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Foxconn to expand production in Vietnam with $270m investment

Taiwan company, seeking bases outside China, aims to take advantage of RCEP pact

TAIPEI -- Foxconn, formally known as Hon Hai Precision Industry, plans to expand production in Vietnam with an investment of around $270 million, Nikkei has learned.

The Taiwan-based company, which just began the production of liquid crystal displays in Vietnam last week, aims to take advantage of the new Regional Comprehensive Economic Partnership (RCEP) agreement and hopes to bolster its production capacity in the country.

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