Samsung invests another $920 mln in northern plant
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Samsung has received permission to invest an additional $920 million in its electronic components plant in the northern province of Thai Nguyen.
The license, awarded to the South Korean’s electronics giant’s Samsung Electro-Mechanics unit, will increase its total registered investment in the province by 68 percent to $2.27 billion.
Samsung, Vietnam’s biggest foreign direct investor, first invested $1.3 billion in the electro-mechanics unit in 2013. The unit produces mainboards and other electronics components.
As of last year, Samsung had invested $18 billion in Vietnam. It has six plants in the country and is building a new research and development center in Hanoi.
Questions & Answers
Q.What is the total investment Samsung Electro-Mechanics now has in the Thai Nguyen province?
What is the total investment Samsung Electro-Mechanics now has in the Thai Nguyen province?
Following this new investment, Samsung Electro-Mechanics' total registered investment in the Thai Nguyen province will rise to $2.27 billion. This represents a 68 percent increase on its previous investment in the unit.
Q.What does the Samsung Electro-Mechanics unit in Thai Nguyen produce?
What does the Samsung Electro-Mechanics unit in Thai Nguyen produce?
The Samsung Electro-Mechanics unit located in the Thai Nguyen province is responsible for producing mainboards. It also manufactures other various electronic components essential for devices.
Q.What is Samsung's overall investment in Vietnam as of last year?
What is Samsung's overall investment in Vietnam as of last year?
As of last year, Samsung had already invested a substantial $18 billion across its operations in Vietnam. The company is Vietnam's biggest foreign direct investor and continues to expand its presence.
Q.When did Samsung first invest in the electro-mechanics unit in Thai Nguyen?
When did Samsung first invest in the electro-mechanics unit in Thai Nguyen?
Samsung initially invested in the electro-mechanics unit in Thai Nguyen back in 2013, with an initial sum of $1.3 billion. This new investment significantly boosts their commitment to the facility.
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