HO CHI MINH CITY, VIETNAM -- Tien Phong Bank will provide $10 million to Vietnam's largest supplier of PCBs to Samsung, the company said today.
Flexcom Vina expects to use the easy online loan to expand its factories in Thai Nguyen and Bac Ninh, Vietnam, where it builds printed circuit boards and assemblies for Samsung and for export.
The South Korea-based company is benefiting from a push to expand trade between Vietnam and South Korea. The two nations expect to sign a free trade agreement next year.