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Samsung’s new 1.4 billion USD complex to be constructed

by VTV420 May 2015 Last updated at 14:49 PM

VTV.vn - Samsung will start construction on the Samsung CE Ho Chi Minh City Complex at the Ho Chi Minh City Hi-tech Park with a total investment of 1.4 billion USD.

Once the 70-hectare complex goes into operation a year from now, it will be a base for Samsung’s research and development activities and manufacturing hi-tech electronic products.

According to the firm’s plan released in October last year, it will produce consumer electronic goods, such as Smart, LCD and LED TVs, during the first phase of the project, while the second phase will focus on other electronics. It makes Vietnam a production base for not only mobile phones but also TVs and other consumer electronics, significantly adding to the country’s export revenue.

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