Samsung to build factory
HA NOI (VNS)— Samsung Electro-Mechanics is expected to build a factory to produce integrated circuits and electronic components in the northern province of Thai Nguyen.
With a total investment of US$1.2 billion, the project is scheduled to begin this October and come into operation in August, 2014, by which time the total investment of the Samsung Group in Viet Nam is expected to reach $5.7 billion.
Talking with Dau Tu (Investment) newspaper, Phan Manh Cuong, deputy head of the provincial Industrial Zones Management Board of, said that Samsung submitted the required documents requesting an investment recognition certificate for the Samsung Hi-tech Complex in Yen Binh Industrial Zone.
He added that Samsung expected to receive the certificate in September.
The company's new factory will be Samsung Group's third investment in Viet Nam.-VNS