Nokia opens factory in Vietnam

The world's leading mobile phone maker Nokia plans to open a handset factory in Vietnam next year in order to take advantage of growing markets in Asia.

Nokia said it planned an initial investment of around 200 million euros ($275 million) "with further sizeable investments thereafter". The factory in Vietnam is part of its effort to reach the billions of people who do not own a mobile device or have access to the internet.

Source: Channel News Asia