Samsung Display will invest $1.8 billion in a new OLED production facility in northern Vietnam, further solidifying its position as a major investor in the country’s tech manufacturing sector, with overall investments now reaching $8.3 billion.
Samsung Display Co., a South Korean electronic company, has announced on Sunday that it intends to spend $1.8 billion in a factory in northern Vietnam this year. The project would make organic light-emitting diode (OLED) displays for automobiles and technology equipment.
Samsung Invests Heavily in OLED Manufacturing
According to Reuters, the new facility that will be used for the production of organic light-emitting diode (OLED) displays will be situated in the Yen Phong industrial park in Bac Ninh province, which is located east of Hanoi. Additionally, the facility will be situated in close proximity to an existing Samsung electronics plant.
New Bac Ninh Facility to Drive Production Growth
The government made this announcement in a statement that was issued after the meeting that took place between Prime Minister Pham Minh Chinh and Choi Joo Ho, the General Director of Samsung Vietnam.
$8.3 Billion Total Investment in Bac Ninh
According to reports from the local media, on Sunday, authorities from Bac Ninh and Samsung Display signed a memorandum of understanding about the project. Additionally, the investment would bring Samsung's overall investment in Bac Ninh up to $8.3 billion, which is an increase from the present $6.5 billion.
Vietnam as a Global Tech Manufacturing Hub
As per US News, Vietnam has become one of the most desirable production hubs for technology companies over the course of the past ten years.
Choi claims that Samsung has made a total investment of $22.4 billion in Vietnam, which has resulted in the establishment of six production plants, one research and development center, and one sales entity.


NASA, Boeing Discuss Expanding Starliner Missions
Hyundai CEO Warns Chinese Automakers Could Disrupt US Market
Paramount-Warner Bros $110 Billion Deal Draws Antitrust Backlash
Trump Plans Federal AI Force and AI Czar
China Vanke Shares Jump as Beijing Moves to Ease Debt Pressure
CNN, MS NOW and Politico Sue Trump Over White House Media Ban
US Federal Register Drops Alibaba Qwen AI Search Tool
AI is supercharging money scams – here’s what you can do to protect yourself
Scott Bessent Eyed as Trump’s New AI Czar
Volkswagen Shares Slide After 2026 Profit Outlook Cut
White House Bars CNN, MS NOW and Politico Reporters
Apple Pay Set for India Launch With Axis Bank
FAA Allows Boeing to Sell 35 More 777F Freighters Beyond 2028
Trump Bans CNN, MS NOW and Politico From White House
Paramount Skydance Faces $30 Million Film Penalty in Warner Bros. Deal
Microsoft Stock Upgraded as Stifel Sees Stronger Azure Growth 



