Samsung expands VN business
BAC NINH (VNS)- Samsung Electronics Vietnam will be expanded in the future with its complex in Thai Nguyen Province, in addition to the one in Bac Ninh Province. Smartphones with the label "Made in The information was provided by Nguyen Van Dao, deputy general director of Samsung Vina, at a meeting with the press on May 14 in the He reported that the localisation rate now represented more than 30 per cent, and the domestic consumption had been decreasing gradually. "Although the local market is large, it only accounts for a small part in the global market. At the moment, the domestic consumption rate of products ranges from 2 to 5 per cent. This will decline relatively to the increasing exports in the future," Dao noted. Samsung Electronics Vietnam in Shim Won-hwan, general director of the Samsung complex, stated that the factory in Bac Ninh was one of the largest of the South Korean corporation in the world. He added that Samsung's factories in Last year, Samsung contributed US$23.9 billion to the total exports of Samsung complex in Thai Nguyen, which officially started operating in March, is expected to employ 16,000 workers and produce eight million products per month by the end of this year. In June, Samsung will open its new branch office in the port city of |
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