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

Geely Auto is planning to assemble vehicles in Vietnam as part of a series of commitments worth nearly $170 million to expand production in the Southeast Asian country.

Vietnam said that Samsung Display intends to invest $1.8B in a facility to make OLED displays for automobiles and technology equipment in the country this year, Reuters reported. The new OLED display manufacturing plant by Samsung Display,

Samsung Display plans to invest $1.8 billion to build a factory in northern Vietnam for organic light-emitting diode (OLED) displays used in automobiles and technology equipment, according to media outlets Reuters and VnExpress.

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.