Samsung invests another $920 mln in northern plant

Samsung has received permission to invest an additional $920 million in its electronic components plant in the northern province of Thai Nguyen.

The license, awarded to the South Korean’s electronics giant’s Samsung Electro-Mechanics unit, will increase its total registered investment in the province by 68 percent to $2.27 billion.

Samsung, Vietnam’s biggest foreign direct investor, first invested $1.3 billion in the electro-mechanics unit in 2013. The unit produces mainboards and other electronics components.

As of last year, Samsung had invested $18 billion in Vietnam. It has six plants in the country and is building a new research and development center in Hanoi.