Samsung will start construction on the Samsung CE Ho Chi Minh CityComplex (SEHC) at the Ho Chi Minh City Hi-tech Park with a totalinvestment of 1.4 billion USD, reported Dau Tu (Vietnam InvestmentReview).

Once the 70-hectare complex goes intooperation a year from now, it will be a base for Samsung’s research anddevelopment (R&D) activities and manufacturing hi-tech electronicproducts.

According to the firm’s plan releasedin October last year, it will produce consumer electronic goods, suchas Smart, LCD and LED TVs, during the first phase of the project and thesecond phase will focus on other electronics.

The complex will be a zone for high technologies, similar to otherSamsung facilities in northern Bac Ninh and Thai Nguyen provinces, wherethe latest high-end TV series will be manufactured to supply the globalmarket, Deputy General Director of Samsung Vina Nguyen Van Dao said atthe launch of the new curved SUHD TVs last weekend in central Da Nangcity.

It makes Vietnam a production base for notonly mobile phones but also TVs and other consumer electronics,significantly adding to the country’s export revenue.

Last year, the curved UHD TVs helped the manufacturer maintain itsnumber one position in the world’s television market for nineconsecutive years with 29.4 percent of the market share.

Samsung also led the way in Vietnam with 35 percent market share.

Its latest series of SUHD TVs was first launched at the ConsumerElectronics Show (CES), the largest event of its kind, in Las Vegas, theUnited States in early January this year.

Samsung first invested in Vietnam in 1995 but made itself known inrecent years with its construction of two hi-tech complexes to producemobile devices and components in Bac Ninh and Thai Nguyen provinces witha combined investment of 7.5 billion USD.

The two facilities together exported over 26.25 billion USD worth of products last year.-VNA