Along with the growth of China's economy went up and salary expectations of local residents: the labor market in China is now not so clearly attractive to producers who intend to reduce costs by establishing assembly factory here. Many companies are now turning their attention to Vietnam, where wages are far lower, and the skill level of workers is adequate to modern requirements.
As reported by Reuters, Samsung Display unit in Vietnam is planning to build its first factory for the production of displays for mobile devices. Construction will cost about $ 1 billion, the necessary approval from the local authorities has been received.
According to analysts, the issue displays in Vietnam will allow Samsung to reduce costs in the fight against Chinese smartphones manufacturers. Cost of displays and smartphones significantly depends on the wage fund, so the transfer of the relevant operations in Vietnam gives Samsung some odds.