Hanoi - Mitsubishi Heavy Industries Vietnam will launch an aircraft component assembly factory in Vietnam in June, local media reported Wednesday.
The state-run newspaper Lao Dong quoted Stanley A Deal, Boeing's deputy chairman of Asia-Pacific sales, as saying the factory would produce wing flaps for Boeing 737 aircraft.
The company is a subsidiary of Japan's Mitsubishi corporation.
The 7-million-dollar factory, located 15 kilometres north of Hanoi, has been under construction since January 2008.