Reuters was first to report that Samsung Electronics has scaled back production at its massive smartphone plant in Vietnam, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending. The effect is acutely felt in Vietnam’s northern province of Thai Nguyen, one of Samsung’s two mobile manufacturing bases in the country where the world’s largest smartphone vendor churns out half of its phone output.
Business & Finance
04 August 2022, 2:50 pm. 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: Vietnam
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Customer Impact: Important Regional Story
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