Samsung crown prince Lee Jae Yong visits Vietnam today
 |
| Lee Jae Yong, vice chairman of Samsung |
Local media quoted an expert as saying that Samsung’s smartphone business has been experiencing a fall in revenue due to strict competition from Chinese competitors. This may be the reason behind Lee’s visit to Vietnam, with the mission to recover the firm’s business.
According to BusinessKorea, Lee will visit subsidiaries manufacturing smartphones, televisions, and home appliances. Lee may also have a meeting with leaders of the Vietnamese government.
Samsung Electronics runs subsidiaries manufacturing smartphones in Bac Ninh and Thai Nguyen provinces with the annual capacity of 150 million devices, equalling half of the firm’s annual output, which makes Vietnam a very important market for Samsung.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- How Vietnam can stay competitive in a changing global trade environment (October 30, 2024 | 11:27)
- Dubai Chamber of Commerce launches Vietnam Business Council (October 30, 2024 | 10:48)
- Policy credit a boon to Yen Bai residents in the wake of Typhoon Yagi (October 30, 2024 | 09:00)
- Emirates signs strategic MoUs with Vietnam Airlines and Vietjet (October 29, 2024 | 20:04)
- High-quality workforce embedded in Ninh Thuan's renewable energy development (October 26, 2024 | 10:00)
- Vietnam e-commerce market shows robust performance (October 25, 2024 | 11:49)
- Semiconductor giants to gather at SEMIExpo Vietnam 2024 (October 25, 2024 | 10:16)
- Gamuda secures biggest win to date in Taiwan (October 24, 2024 | 09:00)
- Germany's PNE to develop a $4.6 billion wind farm in Binh Dinh (October 23, 2024 | 17:31)
- ASEAN digital economy set to reach $2 trillion by 2030 (October 22, 2024 | 15:08)
Mobile Version