Groundbreaking for the Samsung Thai Nguyen factory in March last year. PHOTO COURTESY OF VNECONOMY
Samsung Electronics's second factory in Vietnam went on stream March 10 in the northern province of Thai Nguyen, a company source said.
In the first stage, the US$2-billion plant, which will make cell phones and tablets and their components, will have a monthly capacity of around 2 million products, news website thoibaokinhtesaigon reported.
This will go up to 8-9 million by the last quarter of this year when the workforce will triple to around 15,000.
The 100-hectare plant is likely to hire 40,000-50,000 workers eventually just like at Samsung's first factory in Bac Ninh, which has 43,000 workers.
The Bac Ninh factory’s exports topped US$23.9 billion last year, or more than 18 percent of Vietnam’s total exports.
Samsung has also got a license for a US$1.2-billion microchip plant at the new complex.