Samsung Display to expand high-tech investment in Bac Ninh
Samsung Display Vietnam plans to expand high-tech investments and strengthen cooperation with Bac Ninh as the province pledges strong support for long-term, stable manufacturing growth.
THE HANOI TIMES — Samsung Display Vietnam wants to expand investments in high-tech projects and increase its manufacturing footprint in Vietnam and the northern province of Bac Ninh, Kang Euisik, Deputy General Director of Samsung Display Vietnam, said on November 24.
Kang Euisik, Deputy General Director of Samsung Display Vietnam (left) and Pham Hoang Son, Chairman of the Bac Ninh Provincial People's Committee. Photo: Bac Ninh Newspaper
During a meeting with Chairman of the Bac Ninh Provincial People’s Committee Pham Hoang Son, Kang said Samsung Display Vietnam will continue prioritizing OLED display production, training skilled experts and high-quality workers and supporting local social-welfare programs.
He hoped that Bac Ninh authorities will maintain close cooperation and provide steady support, enabling Samsung to further improve production efficiency in the province.
Stronger collaboration, he noted, will help deepen Vietnam–South Korea relations and strengthen Bac Ninh’s connections with South Korean localities and businesses.
Chairman Pham Hoang Son pledged to offer the best investment conditions and solve business challenges at any time, even on weekends, to support the long-term and stable growth of foreign investors, especially Samsung.
He encouraged Samsung to expand into new high-tech product lines and expected the Korean enterprise to work with Bac Ninh to train high-quality workers and continue contributing to local social-security programs that improve residents’ quality of life.
Son expected Samsung Display Vietnam to accompany Bac Ninh in social-economic development, especially by supporting Vietnamese suppliers inside and outside industrial parks to join Samsung’s global production and supply chains.
Samsung first invested in Vietnam in 2008 with its mobile-phone factory in the Yen Phong I Industrial Park. Today, the South Korean conglomerate operates three major projects in Bac Ninh: Samsung Display, Samsung Electronics and Samsung SDI.
Together, these facilities represent nearly US$11 billion in registered investment capital, including $8.3 billion from Samsung Display.
South Korea remains Bac Ninh’s largest foreign-investment partner, with 1,141 South Korean-backed projects worth more than $15.7 billion after adjustments. Samsung accounts for about 70% of this total.
On the same day, Chairman Son met with Lim Hyun-Seong, Head of the Representative Office of the Korea Land and Housing Corporation (LH), to discuss investment opportunities.
Lim said LH is expanding globally by exporting South Korea’s urban development, smart-city and industrial-park models through joint ventures, government partnerships and master-planning contracts.
In Bac Ninh, LH is seeking approval for its proposed Southeast Urban Area project, a nearly VND19.8 trillion ($751 million) development spanning 240 hectares. Lim hoped for continued provincial support to accelerate the project and future investments.
Chairman Son said LH’s expertise will help both sides build sustainable, transit-oriented urban areas with high-quality housing and industrial infrastructure, boosting Bac Ninh’s socioeconomic growth.
