SEOUL, KOREA - Samsung Display plans to invest US$1 billion to set up a new production facility in the neighborhood of Samsung Electronics’ mobile phone plant in Vietnam.
This investment came after Samsung Electronics is set to build the world’s largest mobile phone production facility in Vietnam with an annual production capacity of 240 million units within the first half of this year.
Following Samsung Electronics’ such decision, other Samsung affiliates are building mobile phone parts factories in Vietnam. This move is part of Samsung Group’s effort to create synergies in mobile phone mass-production by concentrating the production bases of Samsung affiliates in Vietnam.
During his recent meeting with Nguyen Tan Dung, Prime Minister of Vietnam, Park Dong-geun, president of Samsung Display, unveiled his plan to build a mobile phone display module factory in the neighborhood of Samsung Electronics’ first mobile phone plant in BacNinhProvince by 2020.
