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Samsung opens $700 mln cellphone plant in Bac Ninh   2009-10-29 - Thanh Nien

South Korea’s Samsung Electronics opened a US$700-million plant in Vietnam on Wednesday to make mobile handsets for both the local market and for export.


The plant, located at Yen Phong Industrial Park in the northern province of Bac Ninh, is the first cellphone plant in Vietnam and the seventh of Samsung in the world.

The plant can make 1.5 million phones a month now and its annual output is projected to rise to 100 million in 2012. The plant has around 2,000 workers now and can increase this number five times by 2012.

Speaking at the opening ceremony Wednesday, Prime Minister Nguyen Tan Dung said the government would provide favorable conditions for the plant to develop as planned.

Samsung, the world’s second largest mobile phone maker, has stared exporting products from the new plant to Southeast Asian, Middle Eastern and African markets. It plans to export them to Australia and Europe later.

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