Samsung Vietnam exports top $2 bln

Samsung Electronics Vietnam Co., Ltd, which earned its first US$1 billion in exports of electronic products last September, has doubled it since.

The Korean company, which set up shop in the Yen Phong 1 Industrial Zone in Bac Ninh Province in April 2009, is achieving rapid growth due to strong investment in finance and technology.

Its rate of use of local products has reached 20 percent.

With its exports now worth around $300 million a month, the company expects to reach the $5-billion mark by the end of 2011 and become one of the biggest exporters among foreign-invested firms.

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