Vietnam suction eye LED enterprise Seoul semiconductor, Liu Ming have to March

Including Samsung, LG, and more and more electronic manufacturers in Korea, recently announced the establishment of factories or to expand investment in Vietnam, to build a new production base in the Southeast Asian countries.

Yonhap quoted industry sources reported that Seoul semiconductor company has obtained a license to invest $300 million in 2019 to build a semiconductor manufacturing plant in northern vietnam. The company's executives said they would pick Vietnam because it can help them meet the global demand for LED to ensure that the manufacturing costs are competitive.

Industry forecasts, Seoul semiconductor this step is to provide components to other South Korean technology plant, Vietnam has many of the same technology companies from South korea.

It is reported that Samsung reports also mentioned that 40% to 50% of the wisdom of mobile phone production in two factories, and two provinces in Taiyuan region. Samsung Electronics at the beginning of last year to build a consumer electronics production Park in the city of Hu Zhiming, future TV, air conditioner, washing machine, refrigerator and other household appliances, will produce here, the TV assembly line at the beginning of this year has been in operation.

Sources revealed that Samsung intends to invest about $1 billion 400 million in 2020 to $2 billion. Last week, Hu Zhiming also decided to give Samsung more tax incentives to show feedback.

In addition, Lumens LG electronic factory like LED and LGD, have continued to invest in Vietnam or the expansion of existing production equipment. Lumens's new plant in southern Vietnam's Pingyang province will be completed in September, while the LG also plans to continue until 2028, will continue to increase capital to $1 billion 500 million in the north coast of the construction of a production park.

Vietnam's monthly minimum wage is equivalent to about 59% of China, which is therefore an investment attraction to attract businesses, coupled with Vietnam's population of 90 million, up to six to become the younger generation of the younger generation or 30.

Korea Trade Investment Promotion Agency (KOTRA), said: the low cost of labor in Vietnam, and up to 54 million working population, these are very good investment conditions. "

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