Samsung adds US$ 600 million investment in HCMC - Samsung adds US$ 600 million investment in HCMC - Website Ho Chi Minh City
On December 29, Chairman of HCMC People’s Committee Nguyen Thanh Phong has granted the Certificate of adjusted investment registration as a green light to Samsung HCMC CE Complex. Mr. Le Hoang Quan, member of The Central Party, former Chairman of HCMC People’s Committee and leaders of departments-agencies attended.
Mr. Le Hoai Quoc, Head of Management Board of Saigon Hi-tech Park said Samsung Asia was firstly granted Certificate of Investment on December 25 2014, the firstly adjusted certificate was granted on February 5 2015 to Samsung HCMC CE Complex. This is one of the key projects of Samsung Group with total capital of US$ 1.4 billion.
The project aims to establish a research and development centre of advanced software appliances and products for Samsung Group, build production factory, import-export and distribute consumer electronic products such as Smart TV, LCD TV, TV Led with high resolution, monitors, printers, medical equipment and other products including refrigerators, air-conditioners, washing machines, etc. Till now, the project has basically completed its progress as planned, it is expected to complete installation of production machineries for Phase 1 at the end of December 2015 and to conduct trial operation in January 2016 and officially put into operation in February 2016.
HCM CITYWEB
