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The project to support the development of smart factories in localities is an activity within the "Smart Factory Development Cooperation" project.

A training project is aimed at enhancing the high-tech skills of the younger generation in Vietnam.

Samsung is committed to developing Vietnam beyond its role as a global manufacturing base to become the Group's strategic hub for global research and development.

Samsung has already invested $18 billion in Vietnam, and the group plans to increase the amount to $20 billion over the next two years.

Vietnam prioritizes protecting the legitimate interests of both domestic and foreign investors, especially strategic investors.

The new R&D center is expected to improve Vietnam's industrial competitiveness.

Samsung will continue to expand its cooperation and training of IT talents in universities based on market needs and technological development trends in the world.

Hanoi pledged to give the best support to Vietnam's biggest investor to put its R&D Center into operation as planned.

The R&D center in Hanoi, scheduled to be completed by late 2022, would be Samsung’s major R&D hub not only in Vietnam but also the whole of Southeast Asia.

The South Korean tech giant would support the training of 100 experts and assist 50 local companies in applying the model of the smart factory in Vietnam.

The latest move would bring the total capital commitment of the South Korean giant to $19.2 billion, reaffirming its status as the largest foreign investor in Vietnam.

The Vietnamese Government sees Samsung as a successful investment model in Vietnam.

Vietnam has exceeded its role as Samsung’s global production hub and would soon become its key R&D center in the future.

The South Korean investor considers Vietnam an important global production hub and a strategic destination in its research and development activities.

Vietnam is speeding up the vaccination among workers after Covid-19 attacked industrial parks in areas nearby Hanoi.

Around 3,000 local engineers to be employed by the R&D center would lead the development of science and technology in Hanoi, a Samsung Vietnam’s senior official has said.