South Korean tech giant Samsung recently announced plans for a new USD$1 billion dollar smartphone factory in northern Bac Ninh province. Government officials have approved the project and construction is expected to begin sometime in 2015. The investment will create roughly 8,000 jobs at the new facility, adding to Samsung’s growing number of Vietnamese plants. The company already owns four other factories, two in Bac Ninh and two in Thai Nguyen, setting the country up to become Samsung’s Asian production base.

http://tuoitrenews.vn/business/20737/samsung-obtains-license-for-1bn-plant-in-vietnam-total-investment-nears-7bn