Ad
Ad
Ad
Ad
Ad
Ad
Ad
© alphaspirit dreamstime.com Electronics Production | November 27, 2014

Samsung to invest in Vietnamese operations

Samsung, the South Korean tech giant, has secured a license to invest USD 3 billion to expand manufacturing in northern Vietnam.
The company was awarded the license in November in the Thai Nguyen province, where Samsung is running a USD 2 billion smartphone factory, according to a report in Reuters.

Samsung is with this USD 3 billion investment in Vietnam planning to strengthen its handset business, as part of a strategy to cut cost and to better compete with its Chinese rivals, the report concludes.
Ad
Ad
Ad
Ad
Load more news
November 11 2018 12:47 pm V11.8.0-1