From REUTERS
Samsung Electro-Mechanics Vietnam Co Ltd has won a licence to invest $1.23 billion in a plant in northern Vietnam to produce spare parts for telecoms equipment and electronics products, the Vietnam Economic Times newspaper reports.
Prime Minister Nguyen Tan Dung is pictured at the ground breaking ceremony of the Samsung plant in Thai Nguyen March 25, 2013
Construction of the plant in Thai Nguyen province is scheduled to begin later this year and last 15 months.