South Korean company Samsung has taken a big step and decided to close its TV factory in China. In November 2020, Samsung's TV production unit in Tianjin city of China will be closed. According to the report, about 300 people work in this factory and it is the only Samsung TV factory in China, although Samsung has not commented on the number of workers, it has definitely said that some people will be hired.
Earlier Samsung shut down a home appliance factory in Suzhou and a chip manufacturing factory in Xian in China. Only last month, Samsung announced the closure of its Chinese computer factory. Overall, Samsung is gradually consolidating its business from China.
In June this year, there were reports of Samsung Electronics moving its display production from China to Vietnam, although Samsung had not given any official statement on the matter.
Explain that Samsung is the biggest investor in Vietnam. Samsung has a total investment of 17 billion dollars in Vietnam i.e. around 1.29 lakh crore rupees. Taiwanese newspaper Tuoi Tre stated in its report that Samsung sees Vietnam as an important gateway to other Southeast Asian countries and a link in its global supply chain.