Samsung considers Vietnam global strategic base
The Hanoitimes - Samsung is stepping up investment activities in Vietnam, including the construction of a research & development (R&D) center. Part of the process would be the transfer of Samsung’s cutting-edge technologies to the center, said a Samsung executive.
Prime Minister Nguyen Xuan Phuc and Samsung's CEO Shim Won Hwan. Source: VGP.
At present, Samsung is stepping up investment activities in Vietnam, including the construction of a research & development (R&D) center. Part of the process would be the transfer of Samsung’s cutting-edge technologies to the center, Shim added.
Shim, formerly CEO of Samsung Vietnam, expressed his impression over the country’s high economic growth, reaching the 10-year record growth of 7.08% in 2018. He added that Samsung is pleased to have contributed to such success.
At the meeting, Prime Minister Nguyen Xuan Phuc said Samsung is an example of the bilateral relation between Vietnam and South Korea. Phuc stressed the government gives priority to creating favorable conditions for the group’s success in Vietnam.
In the coming time, the government would continue to stabilize the macro economy and improve business environment. Phuc valued Samsung’s commitment to maintaining its status as the largest foreign investor in Vietnam, expecting the group to expand investment in the country.
Responding to Phuc’s statement, newly-appointed Samsung Vietnam CEO Choi Joon Ho said the government has always been supporting to Samsung Vietnam’s operation. Choi stated that he is strongly committed to the development of Vietnam.
- Vietnam startups receive US$750 million in funding in Jan – Oct
- Japan enterprises want to take part in Vietnam’s privatization process
- Vingroup, Masan make largest merger in Vietnam in 2019
- Samsung seeks preferential treatments for US$220-million R&D center in Hanoi
- Samsung to employ 3,000 local engineers for US$300 million R&D center in Hanoi
- S. Korean investors hold unique advantages in Vietnam: PM
- Germany pledges US$235 million in next two years for Vietnam's green growth
- China investment in Vietnam surges amid trade war
- China finances research study for Lao Cai – Hanoi – Hai Phong railway project
- Vietnam considers Swedish loans to build largest airport
Vietnam tightens supervision on foreign investment to prevent origin frauds
Vietnam, US sign agreement on customs cooperation
Hanoi wants to learn Sweden’s development experiences
Vietnam, Germany endorse action plan for 2020-2021, rule-based order highlighted
Vietnam to launch national public services portal on December 9
Hanoi ensures water supply for its residents
Hanoi considers banning cyclos to reduce traffic congestion
Vietnam to champion ‘cohesive’ ASEAN in 2020 amid more assertive China
Every craft village in Hanoi to receive US$8,600 for environmental impact assessment