Samsung increases investment in Bac Ninh Province

The Industrial Parks Authority in the northern province of Bac Ninh recently granted a modified investment license to Samsung Electronics Vietnam to add additional investment of US$1 billion.

By adding $1 billion, the company’s registered capital in Bac Ninh Province will rise to $2.5 billion. This also makes the Samsung Complex in Bac Ninh the company’s largest factory base in the world.

The $1 billion project mainly focuses on researching and developing high-tech products, such as mobile phones, telecom devices, spare parts and other electronic products.

By T.Huy – Translated by Thuy Doan

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