South Korean conglomerate Samsung Electronics Co Ltd. (SMSN.L,SSNNF.OB,SSNLF.OB) has reportedly secured a license to invest $3 billion to accelerate its production in northern Vietnam.
It was reported earlier this month that the firm applied for a license to invest $3 billion in building a second smartphone factory in northern Vietnam.
The company's Vietnamese unit plans to set up the plant in Thai Nguyen province, where it had opened a $2 billion smartphone factory in March.
The company had last month announced investment of $14.7 billion by 2017, to build a new chip-manufacturing plant in South Korea. The plant will make logic or memory chips.
The stock fell close to 2 percent in Seoul at 1,197,000 Korean won.
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