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 main boards 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.Which specific unit of Samsung will receive this new investment?
Which specific unit of Samsung will receive this new investment?
The license for the additional investment has been awarded to Samsung Electro-Mechanics, a unit of the South Korean electronics giant.
Q.How much has Samsung invested in Vietnam overall, including this new commitment?
How much has Samsung invested in Vietnam overall, including this new commitment?
Including this new investment in the electro-mechanics unit, Samsung had already invested $18 billion in Vietnam as of last year.
Q.What does the Samsung Electro-Mechanics plant produce in Thai Nguyen province?
What does the Samsung Electro-Mechanics plant produce in Thai Nguyen province?
The electro-mechanics unit in Thai Nguyen produces main boards and various other electronic components.
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 first invested in the electro-mechanics unit in Thai Nguyen in 2013, with an initial sum of $1.3 billion.
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