Samsung to invest $560 million in Vietnam TV production plant

SEOUL: South Korea's Samsung said that it will invest $560 million to build a consumer appliances production complex in Vietnam, its latest move to build manufacturing capacity in the country.

Samsung— the world's largest TV maker — said in a statement the new 700,000 square meter complex will mainly produce televisions.
Samsung has been investing heavily in production facilities in Vietnam across business segments including smartphones in a bid to lower production costs.

The firm's display subsidiary, Samsung Display, said in July that it won approval to build a $1 billion display module assembly plant in Vietnam.

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