South Korean electronic manufacturer Samsung Display Co plans to invest $1.8 billion for a factory this year in northern Vietnam to produce OLED displays for automobiles and technology equipment, the Southeast Asian country said on Sunday.

Vietnam has over the last decade emerged as one of the most attractive production hubs for electronics companies

Samsung Display will invest $1.8 billion in a new OLED production facility in northern Vietnam, further solidifying its position as a major investor in the countrys tech manufacturing sector, with overall investments

A subsidiary of South Korean electronics giant Samsung that has operations in the northern province of Bac Ninh is set to invest another US$1.8 billion there.