Samsung Vietnam today opened a cell phone factory in the northern province of Bac Ninh.
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PM Nguyen Tan Dung(3rd from left) at the launching ceremony of Samsung Vietnam’s cell phone factory, Bac Ninh Province, Northern Vietnam, October 28, 2009
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The US $1 billion project would create 2,300 jobs for local residents.
Samsung Vietnam expects to earn some US $330 million/year from exporting the factory’s products.
Since 2010 the factory’s productivity would rise to 6 million units/year or US $5 billion/year in export value, providing 10,000 jobs.
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A corner of Samsung Vietnam’s cell phone factory, Bac Ninh Province, Northern Vietnam, October 28, 2009
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Speaking at the launching ceremony, PM Nguyen Tan Dung said that the project would actively contribute to socio-economic development of the locality and Vietnam as well.
The PM asked Samsung Vietnam to domesticize the factory’s products as committed to the Government of Vietnam.