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This is the first collaboration between Samsung Vietnam and NIC to support Vietnam's goal of 50,000 semiconductor engineers by 2030.

Samsung's R&D center currently employs 2,400 engineers, with Vietnamese engineers playing a crucial role in researching AI features for the new Galaxy S24 phone series.

The company is committed to standing by Vietnam and believes that Vietnam's economy will reach new heights even in the context of global slowdown.

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.