Thanks to China's abundant cheap labor resources, the Samsung has established the Smartphone Empire, but as costs soaring, Samsung in order to maintain profits have gradually shifted its production base in Vietnam. After doing business in China since 1992, Samsung has built in 13 factories in China and 3 research LABS, employees over 45000 people, 19% of the global employee, it is the one of the largest foreign workforce. But China's rapid economic growth has brought increased local wages which is 3 times of local wages in Vietnam.
Written by Dora Men
Source:
