Vietnam Okays Samsung’s $2.5 Billion Plan to Expand AMOLED Module Factory

The Vietnamese government has agreed with Samsung’s plan to invest an additional $2.5 billion in an AMOLED module project.


Samsung plans to raise its investment in the AMOLED plant in Bac Ninh province to $6.5 billion. Photo: Internet

The Vietnamese government has agreed to Samsung Display Vietnam (SDV)’s plan to pour an additional $2.5 billion into its AMOLED module plant in the northern province of Bac Ninh, local news website NDH.vn reported.

The government approval will be officially announced soon, said Minister-Chairman of the Government Office Mai Tien Dung at a press meeting on February 3.

According to SDV’s plan, the firm will carry out the expansion in five years starting 2018, bringing the sum to be invested in this project to $6.5 billion and making it the largest project to be invested by the South Korean giant.

The provincial government earlier asked for government permission to offer tax incentives to the additional investment, which will enable the project to be classified as large-scale project.

The plan for expansion is likely to be finalized as soon as in the first quarter of 2017, according to Digitimes.com.

Samsung Display in 2014 set up the factory to assemble AMOLED panels into modules for use by Samsung Electronics' smartphone factories in the province and Thai Nguyen province, also northern Vietnam, with AMOLED panels transported from its factories in South Korea.

Samsung Display has dominated global supply of smartphone-use AMOLED panels. In order to maintain the market status and viewing that Apple is very likely to adopt AMOLED panels for a new iPhone to be launched in 2017, Samsung Display plans to expand the factory of AMOLED modules in Vietnam.

Tuan Minh / BizLIVE