Minister of Information and Communication Truong Minh Tuan (R) and Samsung CEO Shin Jong-Kyun (Photo: ictnews.vn)

Hanoi (VNA) – Samsung Electronics Co., Ltd, the world’s top smartphone maker from the Republic of Korea, is planning a production run of 200 million smartphones in Vietnam this year.

The company Chief Executive Officer Shin Jong-Kyun revealed the plan during a recent meeting with Minister of Information and Communication Truong Minh Tuan.

Samsung Electronics Vietnam projects in the northern provinces of Thai Nguyen and Bac Ninh, invested at total cost of 7.5 billion USD, has employed 112,000 local workers out of the group’s 150,000 labourers worldwide, he said, adding that the two plants are scheduled to make 200 million smartphones in 2016.

According to the CEO, Samsung posted 32 billion USD in export revenues from its Vietnamese operations in 2015.

The group has also invested heavily in research and development in Vietnam. Its 1.4 billion USD Samsung Consumer Electronics Ho Chi Minh City Complex (SEHC) focuses on R&D besides making sophisticated television sets. The Samsung R&D centre in Hanoi employs 1,460 technical staff and developers, he highlighted.

On the occasion, Minister Truong Minh Tuan expressed his hope that Samsung will expand its specific projects in Vietnam in information and technology (IT) and communications, noting that Vietnam targets to become a leading IT nation in the region.-VNA