Samsung denies moving most of China’s display production to Vietnam

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Sina Technology News in the evening of June 19 Beijing time, according to foreign media reports, Samsung Electronics today denied reports that “Samsung will transfer most of China’s display production to Vietnam”.
Previously, the Vietnamese newspaper Tuoi tre quoted a statement on Samsung’s website as saying that Samsung would transfer most of China’s display production tasks to Vietnam. But Seoul based Samsung Electronics today said the reports were “groundless.”.
In addition to Tuoi tre, several other Internet media in Vietnam also reported the news. But by Friday night, the reports had been deleted.
At present, Samsung is the largest single foreign investor in Vietnam, with a total investment of about 17 billion US dollars. Samsung has six factories and two R & D centers in Vietnam, including display manufacturing plants.
In March, Samsung said it would temporarily move some of its smartphone production tasks from South Korea to Vietnam, after a worker tested positive for a coronavirus, and it has temporarily shut down its smartphone factory in guimi, South Korea.
But Samsung also stressed at the time that once the epidemic stabilizes, this part of the production will be moved back to Guiwei factory. (Li Ming)