Jabil doubles down in Vietnam

ST. PETERSBURG -- Jabil Circuit Inc. is expanding its operations in Vietnam, signing an initial agreement with Saigon Hi-Tech Park to grow its Asian operations there.

Jabil will break ground on a new facility in Vietnam in 2017 that will focus on high-volume production of computing, storage, networking, telecommunications, automotive and other services, according to a release. The facility will occupy up to one million square feet, and potentially add 3,000 jobs.

The St. Petersburg-based technology manufacturer currently operates out of 300,000 square feet in Vietnam, employing 2,600 people, according to the release. Jabil has been in Vietnam since 2007, and has grown 50% year-over-year for the past five years there.