Sources say Samsung's Vietnam plant plans to shut down for two weeks in December to take inventory.

CTOnews.com, November 18 (Xinhua)-- Samsung's smartphone factory in Vietnam plans to shut down for two weeks in December, according to ETNews, which is seen as a measure taken by Samsung to get rid of inventory.

According to reports, Samsung Vietnam smartphone Factory is the world's largest smartphone production base, carrying half of Samsung's mobile device production. CTOnews.com has learned that Samsung has never shut down its smartphone factories for more than two weeks except during the worst of COVID-19 's epidemic, indicating that the smartphone market is in a grim state.

Industry insiders say Samsung's smartphone sales are sluggish, so starting to adjust inventory, reduce production line production rate or shut down are all possible measures. Although Samsung has not yet made a clear announcement, Samsung executives prefer a shutdown of factories in Vietnam for more than two weeks.

If the rumors come true, Samsung also plans to conduct a comprehensive inventory at the end of November, which does not rule out the possibility that employees will be on vacation. Foreign media believe that the shutdown is also likely to spread to other Samsung mobile phone factories, such as India, Brazil, Indonesia and Gyeongsangbei Road, South Korea, which are second only to Vietnam.

"sources say Samsung plans to cut 30 million phones next year, mainly for middle and low-end models."