Samsung Electro-Mechanics is expected to build a factory to produce intergrated circuits and electronic components in the northern province of Thai Nguyen.
With a total investment of 1.2 billion USD, the project is scheduled to begin this October and come into operation in August 2014, by which time the total investment of the Samsung Group in Vietnam is expected to reach 5.7 billion USD.

Talking with Dau Tu (Investment) newspaper, Phan Manh Cuong, deputy head of the provincial Industrial Zones Management Board, said that Samsung submitted the required documents requesting an investment recognition certificate for the Samsung Hi-tech Complex in the Yen Binh Industrial Zone.

He added that Samsung expects to receive the certificate in September.

The company’s new factory will be Samsung Group’s third investment in Vietnam.-VNA