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Samsung Electronics To Build $3 Billion Smartphone Plant In Vietnam


Ron Burgundy
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A woman takes a picture outside the Samsung stand at the Mobile World Congress in BarcelonaHANOI (Reuters) - South Korea's Samsung Electronics Co Ltd has applied for a license to invest $3 billion in building a second smartphone factory in northern Vietnam, a government official said on Monday. Samsung Electronics Vietnam plans to build the factory in Thai Nguyen province, where it opened a $2 billion smartphone plant in March, said a senior official at the province's Planning and Investment Department. "We are working on the project," said the official, confirming an earlier report by Dau Tu, a newspaper controlled by Vietnam's Planning and Investment Ministry. ...




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