China display production in Vietnam Samsung is the largest foreign investor in Vietnam, with a total investment of $ 17 billion.
State media said on Friday that Samsung Electronics plans to move its display production from China to its plant in southern Vietnam this year.
Samsung is the largest foreign investor in Vietnam, with a total investment of $ 17 billion (about 1.29 lakh crore rupees).
“Samsung sees Vietnam as an important gateway to other Southeast Asian countries and a link in its global supply chain,” state newspaper Tooi Trey said.
“The move will make Vietnam the world’s leading supplier of Samsung screens.”
Samsung did not immediately respond to Reuters’ request for comment.
After widespread disruption around the world, when the China Coronavirus first hit the world’s manufacturing powerhouse, the news looks to diversify the supply chain beyond China.
The South Korean tech giant already produces displays in Vietnam, where it has six factories and two research and development centers in Vietnam.
The screen will be produced at the Samsung Electronics Complex in Ho Chi Minh City, said Tui Tre, Vietnam’s business hub.