Samsung has received permission to invest an additional $ 920 million in its electronic components plant in the northern province of Tai Nguyen.
A license issued to the South Korean electronics giant’s Samsung Electro-Mechanics division will increase the province’s total registered investment by 68 percent to $ 2.27 billion.
Samsung, Vietnam’s largest foreign direct investor, first invested $ 1.3 billion in the electromechanical unit in 2013. The unit manufactures motherboards and other electronic components.
As of last year, Samsung had invested $ 18 billion in Vietnam. It has six factories in the country and is building a new research and development center in Hanoi.
https://www.retailnews.asia/samsung-invests-another-920-mln-in-northern-plant-2/?utm_source=rss&utm_medium=rss&utm_campaign=samsung-invests-another-920-mln-in-northern-plant-2 Samsung is investing another $ 920 million in the northern plant