Closing the factory in China, what will Samsung invest in Vietnam?

Tram Ho

The question has been raised about how Samsung will continue to invest and expand its factory in Vietnam after closing the last smartphone factory in China, after nearly 30 years of operation in the nest area. Jinxinda in Huizhou City, Guangdong?

The reason for this is because the company is expected to shift production lines from China to Vietnam and India due to the US-China trade war and loss to domestic phone manufacturers.

 Đóng cửa nhà máy tại Trung Quốc, Samsung sẽ đầu tư gì tại Việt Nam? - Ảnh 1.

In response to the above question of VnEconomy, Samsung Vietnam said that in efforts to improve efficiency at production facilities, Samsung made a difficult decision to stop operating Samsung Hue Chau factory.

"We will ship our production equipment to other production locations around the world according to the global production strategy and market demand," Samsung Vietnam said.

According to Samsung Vietnam, over the past 10 years, the company has focused on areas such as mobile phones, home appliances manufacturing in Ho Chi Minh City, core components such as modules, screens, and batteries in factories. .

"Of the total capital registered for investment with the Government of Vietnam is over US $ 17.3 billion, we have disbursed 94% of this capital. Our goal in the near future is to focus on operating. Stabilizing the built apparatus most effectively. Therefore, we will not make large-scale investments but will invest in smaller scale, "said Samsung Vietnam.

The company also said it had built a 5G network equipment production line at Bac Ninh factory, or registered to invest an additional $ 120 million to produce lenses – an important component in mobile phones at Power Company. Samsung SEMV engine in Thai Nguyen.

Regarding information about the company's production and business activities in Vietnam in 2019, according to Samsung Vietnam, in recent years, despite the instability of the global economy as well as the saturation of In the mobile phone market, Samsung has always strived to contribute to the development of Vietnam's economy. Specifically, in the past 2 years, the mobile phone market has always grown negatively. However, in 2018, Samsung's exports reached more than 60 billion USD.

In 2019, phone exports are expected to remain stable despite a downward market. However, the company said it is unable to announce exports including electronic components in 2019 at the moment.

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Source : Vneconomy