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FOUND: Samsung lg plan multi billion dollar additional investment in vietnam | Mind Blowing Facts

LG Vietnam Hanoï South Korea

Motorcyclists pass restaurants and stores on a street near the Van Trung Industrial Park in Viet Yen district, Bac Giang province, Vietnam. (File photo: Bloomberg)

HANOI: South Korean electronics giants Samsung and LG plan to pour billions of United States dollars of additional investment into Vietnam, state media reports and the Vietnamese government said on Tuesday.

The announcement comes after Samsung cut smartphone production in Vietnam twice this year in response to weaker global demand.

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