Seoul semiconductor, Seoul semiconductor and Ryukyu marching in Vietnam

More and more South Korean electronics factories, including Samsung and LG, have recently announced that they have set up factories or expanded investment in Vietnam to establish a new production base in this Southeast Asian country. Seoul semiconductor company has been licensed to invest $300 million in the construction of a semiconductor manufacturing plant in northern Vietnam by 2019, the association quoted industry sources. The director of the company said that it would pick in Vietnam because it could help meet the global demand for LED and ensure that manufacturing costs are competitive. Industry insiders predict that the step of Seoul semiconductors is to provide zero components to South Korea's other technology plants, and Vietnam has a number of technology companies that are also from South Korea. The report also says Samsung Electronics 40% to 50% of smartphones are reported to be produced in two factories in two provinces in North Nanjing and Taiyuan. At the beginning of last year, Samsung began to build a consumer electronics production Park in Hu Zhiming. The future of TV, air conditioner, washing machine, refrigerator and other household appliances will be produced here, and the TV assembly line has begun to operate at the beginning of this year. The source says Samsung plans to increase its investment from $1 billion 400 million to $2 billion in 2020. Last week, Hu Zhiming decided to give Samsung more tax rates to show feedback. In addition, like LED plant Lumens, LG electronics and LGD, it has also continued to invest in Vietnam or expand existing production equipment in Vietnam. Lumens's new plant in southern Vietnam, Pingyang, will be completed in September, and LG plans to increase its capital to $1 billion 500 million by 2028 to build a production Park in the northern Haiphong city. Vietnam's monthly minimum wage is about 59% of China, so it has become an investment stronghold for enterprises, plus 90 million of the population of Vietnam, up to six to become the 30 or younger population. The South Korean trade and investment revitalization community (KOTRA) said: "Vietnam's labor costs are low, and 54 million people are working people, and these are very good investment conditions."