Samsung to commission Vietnamese handset plant this month

South Korea-based Samsung Electronics, the world’s No. 2 mobile phone maker, will put a handset factory in northern Vietnam into operation this month, a company executive said.

Most of the factory’s products will be exported and Southeast Asian countries would be the first markets, the executive told TBKTSG Online.

Earlier, the Vietnam News Agency had said the plant, located in Yen Phong Industrial Park in Bac Ninh Province, would initially produce 30 million handsets a year and step-by-step increase its annual production capacity to 100 million units.

The agency also said the factory’s total investment capital was US$670 million.

The investment is in line with Samsung’s efforts to cut costs to improve global price competitiveness and meet fast-growing demand in Southeast Asia.

In addition to the company’s domestic handset plant in Gumi City, about 250 kilometers from Seoul, Samsung also runs handset facilities in China, India and Brazil.

thanhnien

>   Vietnam coffee farmers sell more as prices rise (15/04/2009)

>   Law catches up with steel tax evader (15/04/2009)

>   Real estate prices go up and down in accordance with rumours (15/04/2009)

>   Exporters neglect dumping weapons (14/04/2009)

>   Vietnam eyes 14.5 percent export growth (14/04/2009)

>   Anti-dumping lawsuits increase as protectionism grows (14/04/2009)

>   Declining spending slows growth rate (14/04/2009)

>   40 trillion VND to mechanise food production (14/04/2009)

>   Local businesses show confidence (14/04/2009)

>   Real estate market not thawing, only prices pushed up (14/04/2009)