Today, June 1, is the last day that South Korean conglomerate LG produces smartphones in Vietnam before it focuses on making home appliances only.
Korean tech giant LG Electronics Inc. said on April 20 that it plans to produce home appliances from its smartphone manufacturing line in Vietnam’s Hai Phong city as the company earlier decided to fully withdraw from the mobile business.
The country needs to well prepare for conditions to compete with its rivals in attracting foreign investment.
Vietnamese air conditioner manufacturers are increasingly using sophisticated technologies as they jostle for market share in a competitive market.
Despite FDI shown signs of a slowdown as a result of the negative impact of COVID-19, experts believe that the nation will be able to welcome an array of fresh dual investment after the pandemic.
Samsung has affirmed that it will continue us to choose Vietnam as its biggest production base, from which Samsung’s mobile phones will go to the world market.