Seeking Alpha

Samsung weighing $1B Vietnamese investment

  • Samsung (SSNLF, SSNGY) is thinking of investing $1B to build a third electronics plant in Vietnam - likely at a high-tech park in Ho Chi Minh City.
  • The investment would significantly grow Samsung's footprint in an increasingly popular low-cost manufacturing hub. As it is, Samsung has been shifting production from China to Vietnam on account of rising wages in the former country.
  • Samsung's efforts to keep costs down come as it deals with toughening low-end Android competition from Chinese OEMs and white-label firms. Low-end competition was arguably the biggest reason Samsung's smartphone share slipped in Q1 following many uninterrupted quarters of share gains.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs