Samsung plans to increase mobile phone production in Vietnam

TN News

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South Korea's Samsung Electronics plans to increase its production of mobile handsets in Vietnam to 100 million units by the end of 2012, an official said.

Samsung Vietnam opened its second handset factory in Vietnam earlier this month, aiming to supply for both regional markets and more demanding markets in Europe.

The local factories will manufacture all key products including Galaxy SII and Samsung's popular tablet computer Galaxy Tab, Shim Won Hwan, President of Samsung complex, told the press.

He said the facilities in Vietnam will be equipped with the latest production technology.

Only around 3 percent of Samsung Vietnam's products are sold in the domestic market while the rest are exported. The company estimated that its cumulative export revenue since 2009 would top US$6 billion by the end of this year.

Samsung Vietnam also operates other factories to produce vacuum cleaners and mobile phone batteries. It targets to become the leading hi-tech producer in Vietnam in 2015.

There will be an expected 200 suppliers for Samsung Vietnam's factories in Bac Ninh and neighboring provinces by 2015, creating jobs for more than 100,000 workers.

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