JavaScript is off. Please enable to view full site.

Samsung starts work on VN’s 2nd plant

Samsung starts work on VN’s 2nd plant

Wednesday, March 27, 2013, 14:29 GMT+7

Samsung Electronics Vietnam Monday broke ground on its second facility in Vietnam -- a US$2 billion handset devices and parts plant in the northern province of Thai Nguyen, around 70km from Hanoi.

This is expected to be the South Korean company’s largest handset plant in the world. The Thai Nguyen plant is expected to produce more than 100 million mobile phones and 1 million digital cameras in the future.

It is included in a high-tech cluster, which is also home to a US$1.2 billion chip making factory.

The complex is expected to generate tens of thousands jobs for locals, contribute tens of billions of US dollars to the country’s annual export turnover, and strengthen the development of the electronic support industry in the northern region of Vietnam.

Confirming the project’s total value as $3.2 billion, Vietnamese Prime Minister Nguyen Tan Dung appreciated Samsung’s decision to choose Vietnam as its major production destination, which would “help boost the strategic partnership between Vietnam and South Korea.”

“Vietnam will create favorable conditions for Samsung as well as other foreign businesses to operate in the country on the basis of friendship, cooperation and equality, and for mutual benefits,” the Prime Minister pledged.

Samsung’s first plant is located in Bac Ninh, another northern province. The plant, with some 30,000 workers, has so far produced more than 100 million products and enjoyed a $12.7 billion export turnover in 2012, according to Nguyen Van Dao, deputy CEO of Samsung Vina.

“Like its predecessor in Bac Ninh, the new Thai Nguyen cluster, once operational, will be producing Samsung’s flagship products such as the Galaxy S3 and S4,” Dao told Tuoi Tre.

Tuoitrenews

More

Read more

Vietnam Television ceases airing first-ever 18+ film

National broadcaster Vietnam Television (VTV) has confirmed that it already stopped airing “Sex and the City” – a hugely popular American sitcom – after broadcasting only five episodes last month

7 years ago
;

Photos

VIDEOS

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news

The shortcut generation in Vietnam

Per standard Vietnamese road etiquette, anybody stopping for anybody is a miracle, a sight to behold, with the driver’s polite gesture being the absolute pinnacle of respect