A smartphone production line at Samsung Electronics Vietnam in the northern province of Thai Nguyen. — VNA/VNS Hanoi: Multinational electronic companies are making moves to increase investment and expand production, to help Ho Chin Minh (HCM) City become a leading production hub. Vo Van Hoan, vice-chairman of the HCM City people’s committee said the city was home to 50 foreign direct investment (FDI) projects with an investment capital of more than US$5bil (RM21bil) in an area of more than 326ha. Seventeen are electronic projects with an investment capital of US$20mil located in industrial parks, export processing zones and high-tech zones.