The Hanoitimes - Two support industry projects from the Republic of Korea, worth 112 million USD in total, were authorised to land in the Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City on December 17.
The 80-million-USD facility for electronic component manufacturing and assembly, Platel Vina, will be built at the park by Intops Co., Ltd., covering an area of 40,000 square meters.
The factory, scheduled to be operational in December, 2016, is designed to produce about 6.5 million items per year for Samsung Electronics.
Another is the 32-million-USD project of Dihan Climate Control Co., Ltd. The 20,700-sq.m facility will be operational by the second half of 2016, capable of manufacturing 2 millions of heat exchangers annually, also for Samsung Electronics.
A corner of Saigon Hi-Tech Park
The Daihan Climate Control said it will need about 400 workers for the project.
Samsung Electronics started construction on the 1.4-billion-USD Samsung CE Ho Chi Minh City Complex (SEHC) in May this year to produce electronic goods, such as Smart, LCD and LED TVs.
According to Le Hoai Quoc, head of the SHTP management board, these projects will be part of Samsung’s supply chain and will foster domestic supply chains and increase value for Vietnamese products.