With the addition, the RoK firm has raised its total investment in the IP to nearly 52 trillion VND (2.27 billion USD).

SEMV’s decision to increase investment in its project has testified to the improved business and investment environment in the locality.

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Samsung's factory in Pho Yen district, Thai Nguyen province

Speaking at the handing over ceremony, secretary of the provincial Party Committee Nguyen Thanh Hai re-affirmed the locality’s commitment to creating the most favorable conditions for investors to operate in the locality.

She hoped that the SEMV in particular and Samsung Complex in general will implement successfully production and business projects in Thai Nguyen, and continue to consider the locality a "good destination" for their other projects.

SEMV’s project in the Yen Binh IP was first licensed in 2013. It has a total investment of nearly 30.8 trillion VND (1.35 billion USD).

The project began its operation in February 2015, mainly manufacturing and assembling high-density interconnect (HDI) printed circuit boards, and components and spare parts such as camera module, power adapter, touch sensor module, and linear motor.

At the end of 2021, it generated jobs for more than 6,500 employees at the end of 2021.

With the addition of capital, the firm plans to expand its operation to manufacturing and assembling high-density interconnection electronic circuit board products such as FPCB, Main board, and FCBGA, among others.

Source: VNA