Samsung Electronics is planning to invest $4 billion in ‌a chip packaging factory in Vietnam.

According to reports from Reuters and Bloomberg, the facility will be located in the Thai Nguyen province in northern Vietnam and developed in multiple phases, starting with a $2bn outlay.

Speaking on April 9, Vietnam's Ministry of ​Finance said the government was working with ⁠Samsung on a semiconductor project, saying in a statement that the department is “coordinating with other ministries and agencies to finalize and ​submit to the Prime Minister the memorandum of understanding between the Government of Vietnam and Samsung Group regarding the group's ​semiconductor manufacturing project in Vietnam.”

No timeline or details regarding the size of the project have been reported, but Reuters noted that Samsung is the largest foreign investor in Vietnam, having invested more than $23bn in the country to date, according to the government.

In recent years, the Vietnamese government has been looking to transition the country away from being a low-cost manufacturing hub by investing in chip research, design, and production.

In addition to offering a number of financial incentives to attract private investment in the sector, including land allocation and tax benefits, in March 2025, the government announced it was planning to invest $500 million to build a semiconductor research, design, production, packaging, and testing facility.

Construction on the state-funded facility in Hanoi began in January 2026, with the site slated to be operational by 2030. The fab will focus on the production of small-scale, high-tech chips that will support domestic industries and national security, reducing Vietnam’s reliance on global supply chains.