Vietnam attracts the attention LED enterprise Seoul semiconductor, Liu Ming enters one after another.

More and more Korean electronics factories, including Samsung and LG, have recently announced their plans to set up factories or expand investment in Vietnam to establish new production bases in this Southeast Asian country. Yonhap quoted industry sources as saying that Seoul semiconductor has obtained a license and will invest 300 million US dollars to build a semiconductor manufacturing plant in northern Vietnam by 2019. The company's executives said they would pick Vietnam because they could help them meet the global demand for LED and ensure that their manufacturing costs were competitive. The industry predicts that Seoul semiconductor will provide zero components to other technology plants in South Korea, and Vietnam has many other technology companies from South Korea. The report also mentions that 40% to 50% of Samsung Electronics's smart phones are produced in two buildings in the two provinces of North Ning and Taiyuan. Samsung Electronics started building a consumer electronics production Park in Hu Zhiming city early last year. The future TV, air conditioners, washing machines, refrigerators and other household appliances will be produced here, of which the TV assembly line has started operation early this year. According to sources, Samsung intends to increase its investment from 1 billion 400 million US dollars to US $2 billion in 2020. Last week, Hu Zhiming decided to give Samsung more tax incentives to show its feedback. In addition, LED plant Lumens, LG electronics and LGD are also investing in or expanding existing production facilities in Vietnam. Lumens's new plant in southern Vietnam's Pingyang province 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 Haiphong City, northern China. Vietnam's minimum wage is equivalent to 59% of China's monthly minimum wage, so it is also an investment strongpoint for attracting enterprises, plus 90 million of Vietnam's population of six is 30 generation or younger. "The labor cost of Vietnam is low and the labor force is 54 million. These are very good investment conditions," KOTRA said.