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| Deputy Prime Minister Hoang Trung Hai (on the left side) holds up a flag to give a signal to a truck with the US$1-billion milestone sign at the ceremony to mark the event last week - Photo: Van Quynh |
The company held a function on Friday to mark the milestone in the development of its US$670-million cell phone factory in Yen Phong Industrial Park in the northern province of Bac Ninh.
SEV is the first and the only complete hand-phone factory in Vietnam to date. It is currently one of Samsung Electronics’ most successful investment projects globally, according to the company
After being licensed by the provincial Industrial Park Management Board in March 2008, Samsung Electronics Vietnam in April 2009 launched its first mobile phone assembly line before operating an injection workshop in August last year.
Since July 2009, SEV’s production capacity has expanded over six times, from one million units per month to more than six million units.
SEV employs 7,000 local staff and workers and has 90% of its products exported to 52 countries and territories in Southeast Asia, the Middle East, Africa, Europe and CIS.
The 50-hectare plant in Bac Ninh, some 30km from Hanoi, is expected to supply 100 million products per year when in full steam in 2012.
SEV is the 7th hand-phone production base of Samsung Electronics in the world. Vietnam is the 5th country where Samsung Electronics has hand-phone production facilities after South Korea, China, India and Brazil.
In line with its development strategy to 2015, SEV plans to further expand production to cover other electronics and digital devices such as cameras, notebook PCs, printers and vacuum cleaners, according to the company.
