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Tuesday, November 24, 2020

Samsung rejects info on smartphone production shift from Vietnam to India

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HCMC – A representative of Samsung Vietnam has rejected information that the firm would shift part of its smartphone production from Vietnam to India.

Samsung’s smartphone production plants in Bac Ninh and Thai Nguyen provinces remain operational, Tuoi Tre Online reported, citing the source.

Samsung Vietnam is still playing a key role in the group’s global smartphone production, the representative said.

According to the Indian journal Economic Times, Samsung had earlier submitted a plan to diversify its smartphone production lines to the Indian Government. Accordingly, the group would shift part of its production from Vietnam and other countries to India.

Vietnam is not only an attractive investment destination, but also the group’s second home, the Samsung representative told Tuoi Tre.

Samsung has been Vietnam’s biggest foreign investor with its total investment in the country amounting to US$17.3 billion to date, a 26-fold increase from that of 2008, when its first cell phone plant, Samsung Electronics Vietnam, worth US$670 million opened in Bac Ninh Province.

Up to now, Samsung Vietnam is running six plants and one research and development center, with the two smartphone facilities in Bac Ninh and Thai Nguyen being Samsung’s largest smartphone plants in the global market.

Apart from this, Samsung Electronics HCMC Complex is the biggest electronics plant in Southeast Asia.

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