Apple supplier Pegatron to expand Vietnam operations

Reuters quoted Taiwan’s Ministry of Economic Affairs, which has to approve overseas investments by local companies, as saying Pegatron’s investment in Vietnam would be for the production of computers and peripherals, communications equipment and electronic components.

The company has not disclosed details of the investment.

It invested $19 million to build its first plant at the Dinh Vu Industrial Zone in Hai Phong City in March last year to produce computers, communications equipment and consumer electronic products.

It plans to build its second and third plants at a cost of $481 million and $500 million and also move its research and development center from China to Vietnam.