Samsung will invest in $3 billion smartphone plant in Vietnam
According to a report from Reuters, Samsung is looking to invest several billion dollars into building a smartphone manufacturing plant in Vietnam soon. The company already owns a $2 billion smartphone plant in the Thai Nguyen province, which is where the second, $3 billion plant will be built. Right now, that 3 billion number is just an estimate, as Samsung is still in talks with the Vietnamese government to make the plans official.
Opening a second plant in Vietnam would help Samsung lower costs, which would, in turn, help them to compete on the low-end side of the Android market where their market share is taking the biggest beating. Within the first four months of opening the original $2 billion plant, the factory produced about $1.9 billion in outgoing revenue, so Samsung would easily be able to recoup its costs with a second plant.
source: Reuters
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