Samsung to relocate Chinese display production to Vietnam, says media; Samsung denies reports

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.

Several other Vietnamese online media outlets had reported the shift from China but by Friday evening those stories could no longer be viewed.

Samsung is the single largest foreign investor in Vietnam, with investments totalling $17 billion.