(April 9): Samsung Electronics Co plans a US$4 billion (RM15.93 billion) outlay to build a chip packaging plant in northern Vietnam, as the country’s largest foreign investor expands its footprint in the country. The South Korean conglomerate was an early investor in Vietnam, building its first factory in the northern province of Bac Ninh in 2008. Since then, Vietnam has evolved into the company’s largest global phone manufacturing base, with another factory to produce smartphones in Thai Nguyen established in 2013. Samsung has invested more than US$23.2 billion in Vietnam and created 90,000 jobs for Vietnamese workers, according to a government website citing figures as of 2024. In 2022, the company pumped US$920 million into its Thai Nguyen operations, bringing the capital invested in a Samsung Electro-Mechanics factory to US$2.3 billion.

Source: The Edge Markets April 09, 2026 12:58 UTC