billion USD since April 2009 and is expected to increase the figure to
1.7 billion USD by the end of 2010, becoming Vietnam ’s largest FDI
exporter.
Addressing a ceremony held in Yen
Phong I Industrial Zone in the northern province of Bac Ninh on
Sept. 17 to mark the event, Deputy Prime Minister Hoang Trung Hai
praised the company’s performance.
The company
produces hi-tech products and has become an important part of Samsung’s
global supply chain, while employing 7,000 local workers, the Deputy PM
said.
He said he hoped that SEV would continue to invest, expand its production and employ more local workers.
He also called for more investors from the Republic of Korea
(RoK) and pledged favourable conditions for foreign investors in
Vietnam .
SEV is the RoK Samsung group’s seventh largest
mobile handset manufacturer and the first in Vietnam to provide
products to global markets.
The company’s
two production facilities produce 6 million items per month which are
exported to 52 countries, earning 200 million USD.
Chairman of Bac Ninh provincial People’s Committee Tran Van Tuy said he
hoped that SEV will contribute to making Bac Ninh a modern industrial
province by 2015./.
