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Samsung eyes $3bn Vietnam plant

2014-11-10 15:30:07| Electronics - Topix.net

Samsung Electronics Co is close to receiving a license to build a second smartphone factory and investing as much as $3 billion near Hanoi as the company increasingly turns to Vietnam as a manufacturing hub. The project will be approved as early as tomorrow and would bring Samsung's total investment in Thai Nguyen province to $6.4 billion, Duong Ngoc Long, chairman of the local People's Committee, said by phone today.

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