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Construction of Samsung HCMC complex to begin on Tuesday

Released at: 11:30, 15/05/2015

Construction of Samsung HCMC complex to begin on Tuesday

Large-scale SEHC facility to turn out hi-tech consumer electronic products, primarily for export.

by Quynh Nguyen

Construction of the Samsung CE Ho Chi Minh City Complex (SEHC) will officially begin at the Ho Chi Minh City Hi-tech Park next Tuesday, May 19, a Samsung representative confirmed with VET.

The complex has investment capital of $1.4 billion and will cover an area of 70 hectares, with construction expected to take around 12 months. It will target export markets in the region and around the world.

SEHC will include research and development (R&D) activities and the manufacture of hi-tech consumer electronic products, according to the plan Samsung released last October. In the initial stage it will focus on consumer electronic goods such as Smart TVs, LCD TVs, and LED TVs, before focusing on consumer electronic goods in the second stage. Vietnam stands to benefit a great deal from SEHC investing in the production of hi-tech consumer electronic products.

Samsung has also offered to arrange a dedicated terminal for the transfer of its products via Hanoi’s Noi Bai International Airport, and will also move more than 20,000 metal rolling mills to Vietnam to produce aluminum alloy casings for Apple phones.

Samsung first invested in Vietnam in 1995, building two high-tech facilities in Bac Ninh and Thai Nguyen specializing in the manufacture of mobile devices and mobile accessories. Its total investment in the country now stands at $7.5 billion.

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