[The Chosun Ilbo, March 21 2008] Samsung Elec. to Build Handset Plant in Vietnam

Samsung Electronics on Friday will unveil a plan to build a large mobile phone plant in Vietnam with an annual production capacity of 100 million units. Samsung has been pushing for the plan over the past year under a strategy of building a global mobile phone production system.

The new plant will be built in Bac Ninh Province where Samsung has reportedly obtained land for the facility. Samsung aims to begin operating a first-stage plant with an annual production capacity of 30 million handsets either late this year or early next year. The company will then expand the factory gradually, with a view to raising its annual production capacity to 100 million units.