Including more and more south Korean electronics giant samsung, LG, etc., recently announced to set up or expand investment in Vietnam, to establish a new production base in the southeast Asian countries.
Yonhap news agency quoted the industry sources reported that Seoul semiconductor company already obtained license, 2019 years ago in northern Vietnam will invest $300 million to build a semiconductor manufacturing factory. The company director, said the surveyed choose Vietnam because here can help them to meet the global demand for LED, ensure that the manufacturing cost competitive.
Industry insiders predict that Seoul semiconductor this step is to provide components to South Korea to other technology factory, Vietnam has quite a few technology companies, also from South Korea.
The report also mentioned that 40% to 50% of the smart phone is samsung, in taiyuan and bac ninh province, two in production of the plant. Samsung electronics began early last year in ho chi minh city, the construction of a consumer electronics production park, future TV, air conditioners, washing machines, refrigerators and other appliances, will produce here, including TV assembly line earlier this year has started to operate.
Sources revealed that samsung is going to around the year 2020 will increase the investment amount from $1.4 billion to $2 billion. Ho chi minh city last week and decided to give samsung more tax incentives, to show his back.
Like other LED factory Lumens, LG electronics and LGD, investment in Vietnam are turning or expanding existing production equipment. Lumens in southern Vietnam binh duong new factory will be completed in September, and LG also plans to 2028 years ago, will continue to increase to $1.5 billion in the northern city of coastal park construction production.
Vietnam monthly minimum wage or the equivalent of about 59% of China, also jumped to attract business investment, along with Vietnam's 90 million people, up to six into 30 generations or more young youth population.
Korean trade and investment promotion (KOTRA) said: "Vietnam labor costs low, and the 54 million human labor force, these are all very good investment condition."
