Samsung said to shift display production from China to Vietnam

Samsung Electronics is planning to shift much of its display production from China to its plant in southern Vietnam this year, the latter country’s government-run newspaper Tuoi Tre reported on June 19.

“Samsung sees Vietnam as an important gateway to other Southeast Asian countries and a link in its global supply chain. The move will make Vietnam become the world’s leading supplier of Samsung screens,” the report said.

The South Korean tech giant already produces displays in Vietnam, where it has six factories and two research and development centers. The company also manufactures entry- and mid-level smartphones in Vietnamese factories.

The screens will be produced in the Samsung Electronics Complex in Ho Chi Minh City, Vietnam’s business hub, Tuoi Tre said.

Samsung Electronics is the single largest foreign investor in Vietnam, with investments so far totaling $17 billion.

The news comes as more companies look to diversify supply chains beyond China, after widespread disruption globally when the novel coronavirus first struck in the world’s manufacturing powerhouse.

Update: Samsung in a first reaction to the article in Tuoi Tre said the report was “groundless,” but did not elaborate.



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Samsung Electronics is planning to shift much of its display production from China to its plant in southern Vietnam this year, the latter country's government-run newspaper Tuoi Tre reported on June 19. “Samsung sees Vietnam as an important gateway to other Southeast Asian countries and a link in its global supply chain. The move will make Vietnam become the world’s leading supplier of Samsung screens,” the report said. The South Korean tech giant already produces displays in Vietnam, where it has six factories and two research and development centers. The company also manufactures entry- and mid-level smartphones in Vietnamese factories....

Samsung Electronics is planning to shift much of its display production from China to its plant in southern Vietnam this year, the latter country’s government-run newspaper Tuoi Tre reported on June 19.

“Samsung sees Vietnam as an important gateway to other Southeast Asian countries and a link in its global supply chain. The move will make Vietnam become the world’s leading supplier of Samsung screens,” the report said.

The South Korean tech giant already produces displays in Vietnam, where it has six factories and two research and development centers. The company also manufactures entry- and mid-level smartphones in Vietnamese factories.

The screens will be produced in the Samsung Electronics Complex in Ho Chi Minh City, Vietnam’s business hub, Tuoi Tre said.

Samsung Electronics is the single largest foreign investor in Vietnam, with investments so far totaling $17 billion.

The news comes as more companies look to diversify supply chains beyond China, after widespread disruption globally when the novel coronavirus first struck in the world’s manufacturing powerhouse.

Update: Samsung in a first reaction to the article in Tuoi Tre said the report was “groundless,” but did not elaborate.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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