Samsung continues to be unstoppable and is just about to open a new handset factory to cope with demand.
It is Samsung's second handset plant in Vietnam. Over the weekend the company said that it was in final talks with the Vietnamese government over the establishment of the $700 million factory.
Samsung Electronics Vietnam (SEV) is considering the northern Vietnamese city of Thai Nguyen, which currently depends on agriculture, as the location for the second plant. Thai Nguyen’s location provides great accessibility to Vietnam’s major cities, a Samsung official said.
Thai Nguyen is some 70 kilometers from the Vietnamese capital of Hanoi and the construction of a set of highways linking Hanoi to regional cities is expected to be completed around 2015. Samsung has been operating a handset plant at the Yen Phong Industrial Zone in Bac Ninh. Since 2009, it has been leading Samsung’s overseas handset plants in terms of production, pumping out 150 million per year, which accounts for one-fourth of the company’s yearly output.