SEOUL, May 15 (Xinhua) -- South Korea's Samsung Electronics Co. announced Tuesday that it has no plan now to move its key local production line for mobile handsets to Vietnam.

    Nothing has been confirmed about the plant construction, said Yeom Cheol-jin, a senior Samsung spokesman.

    It is just a part of Samsung's long-term consideration for global outsourcing and will not be decided for a few years, he added.

    The announcement came after a report by local newspaper Chosun Ilbo that Samsung is planning to construct a handset plant in Vietnam during the fourth quarter of this year in a bid to reduce production costs as global competition intensifies.

    Samsung is South Korea's largest electronics exporter. It produces a wide range of electronics goods, including mobile phones and semiconductors.

    The company said on Tuesday that it will increase the annual production of handsets in Gumi, 261 km southeast of Seoul, to 75 million in 2007 from last year's 69 million.