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Samsung Electronics near license for new $3 billion Vietnam mobile phone plant: newspaper

Nov 10th at 13:42
10-11-2014 13:42:05+07:00

Samsung Electronics near license for new $3 billion Vietnam mobile phone plant: newspaper

A subsidiary of South Korea's Samsung Electronics Co Ltd will be awarded a license to invest $3 billion in a mobile phone plant in northern Vietnam, the second such facility in the country, a local newspaper said on Monday.

 

The facility will be built in Thai Nguyen province, where Samsung Electronics Vietnam has operated a $2 billion plant for mobile phone production since March 2014, the Planning and Investment Ministry-run Dau Tu newspaper said.

A Samsung Electronics Vietnam official said the company had no immediate comment on the report.

The ministry oversees foreign investment in Vietnam.

Samsung's latest investment would bring its total pledges in the Southeast Asian nation to around $11 billion, the Dau Tu newspaper said.

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