Foxconn to make Nintendo Switch gaming consoles in Vietnam

By Tri Duc
Wed, July 24, 2024 | 5:16 pm GMT+7

Taiwanese electronics giant Foxconn will manufacture Nintendo Switch gaming consoles in the northern province of Quang Ninh as part of a $263.7 million investment.

Foxconn received an investment registration certificate for the project earlier this month.

The project will cover 21.5 hectares at Song Khoai Industrial Park, also known as Amata City Ha Long, invested by Thailand’s top developer Amata.

Delegates at the investment certificate granting ceremony for a Foxconn project in Quang Ninh province, northern Vietnam, July 3, 2024. Photo courtesy of Amata.

Delegates at the investment certificate granting ceremony for a Foxconn project in Quang Ninh province, northern Vietnam, July 3, 2024. Photo courtesy of Amata.

Foxconn Singapore PTE LTD, a subsidiary of Foxconn, will be the investor; and its subsidiary, Foxconn EV Energy & Component (Vietnam) Co., Ltd., will implement it.

The project aims at an annual output of 4.18 million items totaling 4,335.3 tons. This includes four million Nintendo Switch gaming console sets (4,180 tons), 30,000 air sensors for unmanned aerial vehicles (UAVs), 30,000 UAV controllers, 60,000 UAV engine modules, and 60,000 UAV signaling and lighting systems.

Some products of Foxconn's project. Photo courtesy of the company.

Some products of Foxconn's project. Photo courtesy of the company.

Foxconn plans to construct the facility from January 2025-June 2026, install equipment in July-September 2026, start trial production in October-December 2026 and start official production from January 2027.

So far, Foxconn’s five investments in Quang Ninh province have reached $1 billion. The first $137 million went to building facilities at Dong Mai Industrial Park. In 2023, it received investment registration certificates for two more projects worth $246 million.

Brand Cheng, chairman and CEO of Foxconn, informed Vietnamese Prime Minister Pham Minh Chinh last month that the Taiwan-headquartered firm had invested around $4 billion in five Vietnamese provinces, employing 80,000 people.

The company recorded a total operating income of $6.7 billion from its Vietnamese affiliates in 2023.

Comments (0)
  • Read More
AI cannot match human empathy, creativity: fintech company exec

AI cannot match human empathy, creativity: fintech company exec

AI automates a range of repetitive office tasks such as data analysis and reporting but cannot have the same emotions and creativity as humans, said Colin Blackwell, chairman of Hyperion Fintech, a Swiss financial technology services company.

Executive Talk - Mon, July 28, 2025 | 8:05 am GMT+7

Over 80,000 online shops in Vietnam record no orders in H1

Over 80,000 online shops in Vietnam record no orders in H1

Vietnam’s e-commerce landscape is undergoing a more intense shakeout, with over 80,000 online shops recording no orders in the first half of 2025.

Economy - Mon, July 28, 2025 | 8:00 am GMT+7

Vietnam’s leading construction material maker Viglacera triples Q2 profit on industrial park leasing gains

Vietnam’s leading construction material maker Viglacera triples Q2 profit on industrial park leasing gains

Viglacera, Vietnam's leading construction material producer and industrial real estate developer, reported a 216% surge year-on-year in consolidated net profit in Q2/2025 to VND540 billion ($20.65 million).

Companies - Sun, July 27, 2025 | 10:51 pm GMT+7

Hanoi to begin construction of two major urban railway lines in late 2025

Hanoi to begin construction of two major urban railway lines in late 2025

Hanoi will break ground for two key urban railway projects in Q4/2025, as part of the city's long-term strategy to expand public transport system, thus easing traffic congestion.

Companies - Sun, July 27, 2025 | 1:52 pm GMT+7

Chan May-Lang Co set to become economic, eco-tourism hub in Hue city's southern region

Chan May-Lang Co set to become economic, eco-tourism hub in Hue city's southern region

After more than 15 years of development, the Chan May-Lang Co Economic Zone is undergoing a comprehensive master plan revision to unlock the potential of the southern coastal region of Hue city and meet new development demands.

Companies - Sun, July 27, 2025 | 1:47 pm GMT+7

Northern Vietnam province plans 720-ha int’l airport to tap tourism boom

Northern Vietnam province plans 720-ha int’l airport to tap tourism boom

Ninh Binh province, home to the UNESCO-recognized Trang An Landscape Complex, looks to develop a 720-hectare international airport with an annual capacity of 10 million passenger arrivals in order to capitalize on booming tourism.

Infrastructure - Sun, July 27, 2025 | 10:42 am GMT+7

Vietnam’s largest gasoline distributors to pilot E10 biofuel sale from August 1

Vietnam’s largest gasoline distributors to pilot E10 biofuel sale from August 1

Petrovietnam Oil Corporation (PVOIL) and the Vietnam National Petroleum Group (Petrolimex) - the two largest petroleum distributors in Vietnam - will pilot the sale of E10 biofuel starting from August 1.

Companies - Sun, July 27, 2025 | 9:28 am GMT+7

Vietnam-based top brewer Sabeco posts 13% drop in H1 net profit due to higher costs, fierce competion

Vietnam-based top brewer Sabeco posts 13% drop in H1 net profit due to higher costs, fierce competion

Ho Chi Minh City-headquartered Sabeco, controlled by Thai Beverage, reported VND2.05 trillion ($78.41 million) in net profit in the first half of this year, down 12.5% year-on-year, according to its earnings statement.

Companies - Sun, July 27, 2025 | 8:00 am GMT+7

Vietnamese lender MBBank launches versatile corporate card for smart financial management

Vietnamese lender MBBank launches versatile corporate card for smart financial management

MBBank has introduced MB Hi BIZ, a multi-functional corporate card that integrates both debit and credit features, designed to enhance spending control and provide businesses with flexible access to capital.

Banking - Sat, July 26, 2025 | 2:30 pm GMT+7

Tradition, innovation keys to elevating Vietnamese cuisine globally: exec

Tradition, innovation keys to elevating Vietnamese cuisine globally: exec

Vietnam boasts a wide array of beloved food products, but more innovative and eye-catching packaging is needed to boost global appeal, said Nguyen Trung Dung, founder and CEO of Dh Foods JSC, a Vietnamese spice company.

Companies - Sat, July 26, 2025 | 2:19 pm GMT+7

Vingroup, FPT back central Vietnam province’s green growth, innovation drive

Vingroup, FPT back central Vietnam province’s green growth, innovation drive

Conglomerate Vingroup and tech giant FPT Corporation have pledged to support Khanh Hoa in its green growth and innovation push, outlining key priorities for the south-central province to drive future breakthroughs.

Industries - Sat, July 26, 2025 | 10:04 am GMT+7

Non-interest income drives Vietnamese lender ACB’s Q2 profit growth

Non-interest income drives Vietnamese lender ACB’s Q2 profit growth

Vietnam’s Asia Commercial Bank (ACB) reported a pre-tax profit of VND6.1 trillion ($233.3 million) in the second quarter of this year, up nearly 9% year-over-year.

Banking - Sat, July 26, 2025 | 9:05 am GMT+7

Northern Vietnam province determined to break ground on LNG-fueled power project in Sept

Northern Vietnam province determined to break ground on LNG-fueled power project in Sept

A $2.56 billion LNG-fueled power project in the northern province of Hung Yen is set to break ground in September, local authorities reaffirmed.

Energy - Fri, July 25, 2025 | 10:19 pm GMT+7

State-owned giant Petrovietnam seeks to develop eco-energy, industrial center

State-owned giant Petrovietnam seeks to develop eco-energy, industrial center

Petrovietnam is studying a large-scale eco-energy and industrial center project in the country which will be a vital driving force of the group's future development and "a matter of survival", said chairman Le Manh Hung.

Energy - Fri, July 25, 2025 | 3:23 pm GMT+7

Standard Chartered puts Vietnam's 2025 growth forecast at 6.1%, country aims for 'at least 8%'

Standard Chartered puts Vietnam's 2025 growth forecast at 6.1%, country aims for 'at least 8%'

Standard Chartered has revised its 2025 GDP growth projection for Vietnam to 6.1%, down from 6.7% early this year.

Economy - Fri, July 25, 2025 | 2:51 pm GMT+7

Malaysia strives to transform Kuala Lumpur into flagship AI-driven smart city

Malaysia strives to transform Kuala Lumpur into flagship AI-driven smart city

Malaysia identifies AI as a key strategic driver to turn Kuala Lumpur into its leading smart city towards a livable, sustainable urban model and enhancing its competitiveness in ASEAN, according to Malaysian Digital Minister Gobind Singh Deo.

Southeast Asia - Fri, July 25, 2025 | 1:50 pm GMT+7