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.
South Korea’s tech giant Samsung considered Vietnam its global strategic base and is committed to long-term business in the country, according to Shim Won Hwan, Samsung’s general director.
Samsung Vietnam has seen the most impressive growth rate among Samsung’s affiliates all over the world, indicating a strong commitment of the group to Vietnamese government, Shim said in a meeting with Prime Minister Nguyen Xuan Phuc on January 11.
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.
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.
Other News
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses
- Vietnam calls for more US investment in innovation, hi-tech
- Vietnamese leader urges Boeing to build production facility in Vietnam
- Foreign capital pouring into Vietnam's real estate market
Trending
-
Vietnam’s future path hinges on ASEAN robust development: Party Chief
-
Vietnam news in brief - November 23
-
Are Vietnamese people living healthier lives?
-
Finding ways to unlock Hanoi's suburban tourism potential
-
Hang Ma Street gears up for festive season
-
A Hanoi artisan turns straw into appealing tourism product
-
“Look! It’s Amadeus Vu Tan Dan” workshop - an artistic journey for kids
-
Vietnam news in brief - November 15
-
Experiencing ingenious spaces at the Hanoi Creative Design Festival 2024