Samsung denies reports of move of China display output to Vietnam

HANOI: Samsung Electronics is planning to shift much of its display production from China to Ho Chi Minh City this year, Vietnamese state media reported on Friday, although the South Korean tech giant said those reports were untrue.

The newspaper Tuoi Tre reported the relocation of Samsung’s display production from China citing an announcement on the website of Samsung Vietnam, but the parent company in Seoul said the reports were “groundless”.

Samsung did not elaborate.