“Samsung wants to build new smartphone factory in Vietnam ‘

Nov

11

2014

Samsung will build a second smartphone factory in Vietnam. The investment is said to involve an amount equivalent to 2.42 billion euros. The electronics giant would strengthen its competitive position with the investment.

Samsung logo (45 pix) The project has not been finalized, so writes Reuters. The news agency bases its story on an anonymous source, who brought the news without permission outside. Samsung and the local authorities have therefore no official response given yet.

Samsung would have on the books for 2014 in Vietnam investments with a value of 8.88 billion euros converted. In March, the company has already opened a smartphone factory in the country. That project cost then converted 1.61 billion. Samsung would like the investments reduce costs in the long term, in order to get a better position in the competitive market.

Samsung shows its smartphones mainly dealing in China, but shifting production to Vietnam. The production costs in China would rise relative to those in Vietnam. At the end of 2013 there appeared reports that 80 percent of smartphones from Samsung in Vietnam must eventually be made. In 2015, all would apply to 40 percent of the units, which represent the bulk of the turnover of the Korean group.

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In: Technology & Gadgets Asked By: [15775 Red Star Level]

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