Hanoi
Hanoi pledges to make best conditions for Samsung Electronics
Chairman of Hanoi People`s Committee Nguyen Duc Chung met with Vice General Director of Samsung Electronics Vietnam Bang Hyun Woo on June 17.
At the meeting, Vice General Director of Samsung Electronics Vietnam Bang Hyun Woo informed the municipal Chairman of the group's positive results. Up to now, the total exports of the group in 2016 has reached 15 billion USD, higher than the same period in 2015 (at 13 billion USD).
The Vice General Director confirmed that the successful operations are thanks to the help of the Vietnamese Government as well as the Hanoi authorities.
He also expressed his confidence that Samsung Electronics Vietnam will increasingly contribute more to the socio-economic development of the country in general and the capital of Hanoi in particular.
Bang Hyun Woo hoped to continue to receive Hanoi's support for the Samsung projects in the city, especially in speeding up the land clearance for Samsung Electronics Vietnam’s $300 million research and development centre to be built in Hoang Mai district.
During the reception, Chairman of Hanoi People's Committee Nguyen Duc Chung affirmed that the city is promoting the reform of administrative procedures, enhancing the implementation of public administration services, as well as the transparency of current and upcoming projects to attract investments.
Hanoi will create the most favourable conditions for domestic and foreign investors to do business in the locality, Chairman Chung stressed.
The Chairman also noted the proposals made by the representative of the Samsung Electronics Vietnam, and pledged to solve difficulties of the group.
He suggested the Samsung Electronics Vietnam to soon deploy projects that have been granted the investment certificate in the city.
On March 30, the Hanoi People’s Committee granted the investment certificate for Samsung Electronics Vietnam (SEV)’s $300 million research and development (R&D) centre to be built in Hoang Mai district.
Accordingly, SEV will develop a 21-storey building on a three-hectare land plot and employ 2,000 labourers in 2016, which will be bolstered to 4,000 in the upcoming years. A total capital volume of $300 million will be disbursed within four years, including $50 million in the 2016-2017 period, $150 million in 2018, and the remaining $100 million in 2019.
The centre will be licensed to operate for 50 years with exemption from land lease fees.
According to the Chairman Nguyen Duc Chung, once the centre comes into operation, it will contribute to attracting FDI capital, training and developing high-quality human resources, and creating links with local enterprises to develop the supporting industries in the capital.
According to Han Myoung Sup, general director of SEV, Samsung will concentrate its resources to complete the construction on schedule, professing to determination in building a long-term co-operation. The centre is expected to bring benefits for both Samsung and Vietnam.
Chairman of Hanoi People's Committee Nguyen Duc Chung receives Vice General Director of Samsung Electronics Vietnam Bang Hyun Woo.
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He also expressed his confidence that Samsung Electronics Vietnam will increasingly contribute more to the socio-economic development of the country in general and the capital of Hanoi in particular.
Bang Hyun Woo hoped to continue to receive Hanoi's support for the Samsung projects in the city, especially in speeding up the land clearance for Samsung Electronics Vietnam’s $300 million research and development centre to be built in Hoang Mai district.
During the reception, Chairman of Hanoi People's Committee Nguyen Duc Chung affirmed that the city is promoting the reform of administrative procedures, enhancing the implementation of public administration services, as well as the transparency of current and upcoming projects to attract investments.
Hanoi will create the most favourable conditions for domestic and foreign investors to do business in the locality, Chairman Chung stressed.
The Chairman also noted the proposals made by the representative of the Samsung Electronics Vietnam, and pledged to solve difficulties of the group.
He suggested the Samsung Electronics Vietnam to soon deploy projects that have been granted the investment certificate in the city.
On March 30, the Hanoi People’s Committee granted the investment certificate for Samsung Electronics Vietnam (SEV)’s $300 million research and development (R&D) centre to be built in Hoang Mai district.
Accordingly, SEV will develop a 21-storey building on a three-hectare land plot and employ 2,000 labourers in 2016, which will be bolstered to 4,000 in the upcoming years. A total capital volume of $300 million will be disbursed within four years, including $50 million in the 2016-2017 period, $150 million in 2018, and the remaining $100 million in 2019.
The centre will be licensed to operate for 50 years with exemption from land lease fees.
According to the Chairman Nguyen Duc Chung, once the centre comes into operation, it will contribute to attracting FDI capital, training and developing high-quality human resources, and creating links with local enterprises to develop the supporting industries in the capital.
According to Han Myoung Sup, general director of SEV, Samsung will concentrate its resources to complete the construction on schedule, professing to determination in building a long-term co-operation. The centre is expected to bring benefits for both Samsung and Vietnam.
