Vietnam's government approves Samsung extra pouringThe Vietnamese government has agreed to Samsung Display Vietnam’s (SDV) plan to pour an additional $2.5 billion into its AMOLED module plant in the northern province of Bac Ninh. Companies setting up plants in Vietnam, such as Samsung Electronics, are transforming the country into a manufacturing hub for electronics goods, including smartphones. From a trade deficit of $3.5 billion in 2015, Vietnam returned with a trade surplus of $2.68 billion in 2016. Samsung has been the largest single foreign investor in Vietnam, with its investments totaling some $15 billion. Vietnam’s workforce is largely engaged in the final assembly of products for export, which are primarily low value-added, labor-intensive and use low-level technologies.

Source: VietNamNet News February 07, 2017 10:07 UTC