Nokia have announced their ambition to expand to Vietnam where they target to connect the billion people to the internet. Plans are currently underway to see to it that Vietnam host a new manufacturing site at Hanoi, north of the country. Nokia’s investment into the project is approximately EUR200 million. A memorandum of Understanding (MoU) to this effect, has already been signed between Nokia and the Vietnamese Government but, the plant is expected to set off its operations in 2012 which will tremendously expand Nokia’s manufacturing network according to the report issued by Nokia.
"I am extremely excited about this opportunity and about the support and commitment that Vietnam has offered to Nokia, " said Juha Putkiranta, Senior Vice President, Nokia. "This new manufacturing site will play a key role in our effort to connect the next billion to the web."
According to the statement made available on Nokia’s website, the firm started selling products in Vietnam in 1996 and this development has greatly helped millions of Vietnamese to connect through mobile technology and network infrastructure.