Samsung, LG plan multi-billion-dollar additional investment in Vietnam

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South Korean electronics giants Samsung and LG plan to pour billions of dollars of additional investment into Vietnam, state media reports and the Vietnamese government said on Tuesday.

plan to pour billions of dollars of additional investment into Vietnam, state media reports and the Vietnamese government said on Tuesday.smartphone production in Vietnam twice this year in response to weaker global demand.

Samsung has for years produced about half of its smartphones in Vietnam and accounts for nearly a fifth of the country's overall exports. The state media report and the government statement did not provide further details on the investment by the two companies. The announcements came as Vietnam and South Korea said on Tuesday they upgraded their relations to "comprehensive strategic partnership", which Vietnam has so far established only with China, Russia and India.

 

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Mukhang walang epekto travels ni PBBM, sa Vietnam parin bagsak ng investors!

When will an African country get one of these deals?

🇨🇳 deserve it

Bye bye China

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