Well-known Chinese news site Sohu (NASDAQ: SOHU) recently reported that Samsung just announce that it will move its computer monitor manufacturing facilities from China to Vietnam. Vietnam’s state-run newspaper Vietnamese Youth confirmed the news. Most of Samsung’s Chinese manufacturing capabilities will be relocated to its HCMC CE Complex (SEHC) factory. Samsung expects to complete the move by the end of 2020. Samsung is currently Vietnam’s largest foreign investor, with a total investment value of US$17 billion. The monitor manufacturing move will turn Vietnam into Samsung’s largest monitor supplier in the world. According to U.S. researcher IDC, starting with the first quarter, Samsung held 34 percent of Vietnam’s 24 inch or above monitor market. With the growth of the demand on large screen monitors, the latest move will significantly benefit the region on new monitors.
Source: Sohu, June 20, 2020