HCM CITY (VNS) - Giant Korean companies like Samsung, LG, Hyundai, Doosan, Posco have turned It has contributed to promote Since beginning production in April 2009 Samsung Corporation has increased its investment from the original US$670 million to $2.5 billion now. Samsung Electronics Viet Nam (SEV) has also contributed greatly to the development of the country's electronics sector and exports. Last year, for instance, it exported phones and parts worth $23.9 billion, or 18 per cent of all of Samsung wants to make Viet It now has five phone and electronic components production factories, and plans to build a $1.4 billion plant in Samsung CE Complex Electronic Co., to come up at the Sai Gon Hi-tech Park in The factory will produce 3D smart TVs, refrigerators, air- conditioners, and washing machines starting in the second quarter of 2016. It will also have an R&D centre. After successfully producing in A few weeks ago it signed an MoU with the Kinh Bac Group to lease more land at the Trang Due Industrial Park in Hai Phong to expand production, making Viet Nam a key base. In November Posco Special Steel's $600 million factory will go on stream and annually produce one million tonnes of ingots. Kumho Asiana plans to expand its Kumho Tires plant in Binh Duong at a cost of $300 million. Doosan Vina also plans to expand its existing operations at the Dung Quat Economic Zone, Quang Ngai. According to data from the Foreign Investment Agency, in the year-to-date Park Chang Eun, deputy director of Korea Trade and Investment Promotion Agency, said the investments would continue to increase because many large Korean corporations are considering expansion plans in Shinsegae, one of |
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