The Sanyo-HQ Vietnam Electronic Component Co. Ltd said the 60,000sq.m factory will be built at an initial cost of US$95 million and is scheduled for completion in 2010.

The factory is expected to generate 12,000 jobs and bring in more than US$300 million per year from exports after three years of operation.

This will be Sanyo's third factory in Vietnam, following its first to manufacture home electric appliances in the northern region and the second to produce digital cameras in the southern region.

The 426ha Quang Chau Industrial Zone, run by the Kinh Bac Urban Development Joint Stock Company, is the country’s leading IZ in attracting hi-tech projects.