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Samsung invest $ 1 billion in HCM City

TT - Afternoon 5-6, Vice Chairman of HCMC People's Committee Le Manh Ha said HCM City has approved the Samsung Group investment projects on construction of factory electronics totaling over $ 1 billion in Ho Chi Minh City Hi-tech Park (SHTP).

Thus, after a series of billion project, is the latest production at Thai mobile phone, Samsung Group to invest $ 1 billion in Vietnam.

Talking with Tuoi Tre, a leader of Planning - investments that according to a written request by Samsung, this group continues to invest $ 1 billion in SHTP to produce LCD monitors and related parts. According to this position, the most important issue being considered is the mechanism, preference will be given to Samsung if this corporation invested in Ho Chi Minh City to produce LCD screens. "Samsung is the manufacturer and consumer mobile phones top, they are also the supplier of the world's leading LCD TV.So if the factory LCD screen is located in Ho Chi Minh City, will certainly contribute greatly to the economic landscape, attracting investment VN "- carried out.

As revealed by the leaders of Planning - investments, Samsung has pledged to invest factory LCD screen in accordance with the criteria for incentives under the Law of the VN tech. That is Samsung not only investment but also set up the plant research center for research and development, product design ... in Vietnam. In addition, Samsung will meet the conditions such as the average total cost of the business in three years for research and development (made in VN) at least 1% of annual revenue, from the fourth year to reach over 1% of total revenue. In particular, given the conditions VN average turnover of the business in three years of high technology products must achieve at least 60% of total annual revenue ... Samsung is also expected to be met.

Reportedly, in 2009, inaugurated the Samsung Group factory Samsung Electronics mobile phone VN (SEV) in Bac Ninh province with an investment of 670 million dollars, then raise capital to $ 2.5 billion. By May 3-2013, Thai Samsung Electronics VN (SEVT) held a groundbreaking for construction of high-tech complex in Taiyuan worth $ 2 billion.As planned, the project consortium SEVT can attract labor from 40,000-50,000 capacity because of this project is equivalent to the Samsung factory in Bac Ninh - where the company has about 43,000 employees work directly. This year, an estimated two Samsung factory in VN to export about 35 billion mobile product types.


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