Samsung group has decided to raise investment capital for its electronics facility in Ho Chi Minh City, the Samsung CE Complex (SEHC) project from USD1.4 billion to USD2 billion.
As planned, the Saigon Hi-tech Park (SHTP) will present an adjusted investment certificate to Samsung on December 29 afternoon.
The SEHC received an investment certificate in September last year and began its construction on May 19. It will be on trial run in January and officially put into operation in February next year.
The SEHC will feature research, development and production of hi-tech consumer electronics products and equipment, focusing on the production of Smart, SUHD and LED TVs in the first phase. In the second phase it will start production of other consumer electronics products such as washing machines, fridges, vacuum cleaners and others.
The project is an important link in Samsung’s global supply chain.
With this adjustment, Samsung has lifted its total investment capital in Vietnam to USD14.8 billion, including USD9.5 billion of Samsung Electronics.
