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Samsung Electronics near license for new $3 billion Vietnam mobile phone plant: newspaper

DA NANG Today
Published: November 12, 2014

A subsidiary of South Korea's Samsung Electronics Co Ltd will be awarded a license to invest $3 billion in a mobile phone plant in northern Viet Nam, the second such facility in the country, a local newspaper said on Monday.

The facility will be built in Thai Nguyen province, where Samsung Electronics Vietnam has operated a $2 billion plant for mobile phone production since March 2014, the Planning and Investment Ministry-run Dau Tu newspaper said.

An employee is seen working at a Samsung plant in Bac Ninh Province, Viet Nam.
An employee is seen working at a Samsung plant in Bac Ninh Province, Viet Nam.

A Samsung Electronics Vietnam official said the company had no immediate comment on the report.

The ministry oversees foreign investment in Viet Nam.

Samsung's latest investment would bring its total pledges in the Southeast Asian nation to around $11 billion, the Dau Tu newspaper said.

 

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