Samsung to invest additional 850 mln USD in Vietnamese subsidiary

Updated: 20:35, 26/12/2021

Electronics giant Samsung of the Republic of Korea’s recent board meeting has approved the spending of some 850 million USD for its unit in Vietnam to manufacture flip-chip ball grid arrays (FC-BGA), according to KBS News.

•Bac Giang supports to invest in machine, package, label and stamp for origin traceability

•Bac Giang attracts investment of over 1.46 billion USD

•Arousing ideas to improve investment and business environment

FC-BGA is a highly-integrated package board used to connect a high-integration semiconductor chip to a main board.

Samsung to invest additional 850 mln USD in Vietnamese subsidiary.

The company will spend the investment in phases until 2023 to build the new FC-BGA production line.

According to the plan, the Vietnamese subsidiary will focus on producing FC-BGA while Samsung's factories in Suwon City (Gyeonggi) and Busan City will specialise in technology development and high-end products.

Samsung Electronics Vietnam presents scholarships to 200 impoverished students with good academic result

(BGO) - The Study Encouragement Association in Bac Giang province on December 12 cooperated with Samsung Electronics Vietnam Company Limited (Samsung) to hand over 200 scholarships and gifts totally worth over 240 million VND (10,440 USD) to impoverished students with good academic results in ten districts and city.

Samsung has invested nearly $18 bln in Vietnam

Samsung has invested $17.74 billion in Vietnam in the last 24 years, 29 percent of it in the last five.

Samsung Hope School initiated construction in Lang Son

Samsung Vietnam has started construction of the Samsung Hope School project at Trung Cap village, Mai Pha commune, northern border province of Lang Son.

MoIT vows support for Samsung, suppliers to maintain supply chain

The Ministry of Industry and Trade (MoIT) held a teleconference with Samsung Vietnam and its suppliers on October 14, affirming that the ministry’s top priority now is assisting businesses in Vietnam to achieve the “twin targets” of ensuring safety amid the Covid-9 pandemic and maintaining production to avoid disruptions to supply chains.

Samsung Vietnam presents 100 wheelchairs for disabled people in Tan Yen and Yen The

(BGO) – The Department of Foreign Affairs (DoFA) on October 6 joined hands with the Department of Labour, Invalids and Social Affairs (DoLISA) and Samsung Electronics Vietnam Company (Samsung) to present wheelchairs to people with disability in Tan Yen and Yen The districts (Bac Giang province).

Source: NDO/VNA