The Hanoitimes - The Korea Times reported that Samsung
Electronics would pour 2.2 billion USD into its factories in northern Bac Ninh
and Thai Nguyen provinces by 2020 to boost output and save manufacturing and
logistics costs and delivery time.
Samsung expected to manufacture
240 million devices at its factories in Vietnam, together with 170 million in
China and 20 million in India and another 40 million in Korea, the newspaper
reported.
The company aimed to sell 510
million phones next year, an increase of 20% over last year's record 420
million.
Samsung's total investment in Bac
Ninh Province increased to $1.5 billion after the company obtained a licence to
develop its second factory, worth $830 million, in the province.
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