The Nokia group should be confident in Vietnam’s fruitful investment prospects based on the effective cooperation between Vietnam and Finland, said State President Nguyen Minh Triet.

At a reception in Hanoi on March 3, President Triet warmly welcomed Vice President of the Finnish Nokia Group Esko Aho on his business trip to kick-start the construction of a mobile phone plant in Vietnam.

Mr Triet expressed his hope that the Nokia plant in Vietnam will soon contribute to the country’s socio-economic development, as well as the group’s growth.

He reiterated that Vietnam has always created favourable conditions for foreign investors, including Nokia, to invest in the country.

The Nokia executive told his host that the group aims to complete the construction of its mobile phone plant in Vietnam by the end of 2012, so it can launch the first products to the market in early 2013, with 95 percent targeted for export.

Located in the northern province of Bac Ninh, the US$2.5 billion plant is expected to create jobs for about 10,000 Vietnamese workers.

(VOVNEWS)