Hanoi: A subsidiary of South Korea`s Samsung Electronics Co Ltd will be awarded a licence to invest $3 billion in a mobile phone plant in northern Vietnam, the second such facility in the country, a state-run newspaper said on Monday.
The facility will be built in Thai Nguyen province, where Samsung Electronics Vietnam has operated a $2 billion plant for mobile phone production since March 2014, the Planning and Investment Ministry-run Dau Tu newspaper said.
A Samsung Electronics Vietnam official said the company had no immediate comment on the report.
The ministry oversees foreign investment in Vietnam. Samsung`s latest investment would bring its total pledges in the Southeast Asian nation to around $11 billion, the Dau Tu newspaper said.
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