Samsung heir to seek business opportunities in 3-day Vietnam trip

Oct 20, 2020 / 03:49 PM

Samsung Vice Chairman is scheduled to meet Vietnam’s Prime Minister Nguyen Xuan Phuc during the visit to discuss business and investment opportunities.

Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea's top conglomerate, departed for his three-day trip to Vietnam on October 19.

Samsung Electronics Vice Chairman Lee Jae-yong. Photo: Yonhap.

Mr. Lee is scheduled to meet Vietnam’s Prime Minister Nguyen Xuan Phuc during the visit to discuss business and investment opportunities, Yonhap reported.

Besides the meeting with Vietnam’s leaders, he is scheduled to visit Samsung’s plants and the US$300-million R&D center that is under construction in Hanoi.

For his trip to Vietnam, Mr. Lee will be accompanied by Roh Tae-moon, who heads Samsung's mobile business, and Lee Dong-hoon, CEO of Samsung Display Co, Yonhap added.

This is Mr. Lee's second overseas trip this month following his visit to Europe and the first to Vietnam since October 2018.

Samsung currently has four subsidiaries in Vietnam, including Samsung Display Vietnam (SDV), Samsung Electronics Vietnam Bac Ninh (SEV), Samsung Electronics Vietnam Thai Nguyen (SEVT) and Samsung Electronics Ho Chi Minh (SEHC).

According to Samsung's statistics, around 50% of Samsung's smartphones and tablets are produced in Vietnam and exported to 128 countries and territories, including the US, Europe, Russia and Southeast Asia. This resulted in 58% of Samsung’s smartphone sales globally come from its production facilities in Vietnam.

In the 2008 – 2018 period, Samsung increased its total investment in Vietnam from US$670 million to over US$17.3 billion, a 26-fold rise.

Samsung heir to discuss investment plans in trip to Vietnam this week

19 Oct, 12:05

Vice Chairman of Samsung Lee Jae-yong is set to meet Prime Minister Nguyen Xuan Phuc during his trip to Vietnam.

Samsung committed to supporting Vietnam enterprises joining global value chains

22 Sep, 08:51

Samsung plays a significant role in promoting the Vietnam – South Korea relations and the development of Vietnam’s manufacturing sector, stated Deputy Prime Minister Trinh Dinh Dung.

Samsung stays in Vietnam not just because of incentives: ADB expert

11 Sep, 10:43

To ensure its place among front-runners in attracting global FDI in the future, Vietnam should prioritize quality over incentives in attracting investment capital, said an ADB expert.

Vietnam honors 50 transparent listed companies as stock market reaches new milestones

Vietnam honored 50 listed companies for excellence in transparency at the 2025 Vietnam Listed Company Awards, which spotlighted standout annual reports, corporate governance and sustainability disclosures amid rising foreign investor interest and growing alignment with international reporting standards.

05 Dec, 06:51 PM

Vietnam to tighten biometric authentication for new bank cards next year

Bank card issuers must conduct a face-to-face meeting and match the biometric data of individual customers or the legal representative of organizational customers with their identity documents.

05 Dec, 10:37 AM

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Vietnam will host the seventh National Forum on Vietnamese Digital Technology Enterprises on December 25 in Hanoi, highlighting policy directions, strategic technologies and progress under the “Make in Vietnam” initiative as the country pushes toward a stronger digital economy.

02 Dec, 03:33 PM

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

At the Moscow–Hanoi Business Forum, leaders from both capitals said 75 years of Vietnam–Russia ties provide a strong foundation to deepen economic and investment cooperation, especially in technology, trade and urban development.

02 Dec, 02:17 PM

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam’s manufacturing sector continued to expand in November, marking the fifth straight month of improvement, even as severe storms caused supply-chain delays and slowed production, according to S&P Global.

01 Dec, 09:13 PM

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Hanoi’s Hoan Kiem pedestrian street will host Techfest Vietnam 2025 from December 12 to December 14, welcoming entrepreneurs, investors and the public to explore emerging technologies and celebrate the country’s growing culture of innovation.

01 Dec, 09:07 PM

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

The Vietnam Women’s Entrepreneurship Support Program has surpassed nearly every target set for 2017–2025, empowering more than 118,000 women to launch new ventures and laying the groundwork for a stronger, more inclusive entrepreneurial ecosystem in the next decade.

01 Dec, 07:11 PM

HHTIP accompanies businesses in efficient energy use for sustainability

As green transition becomes a decisive factor shaping future growth, Hanoi is intensifying efforts to push energy efficiency across its industrial zones. The city’s management board is building a development model centered on clean energy, responsible production and sustainable operations.

30 Nov, 02:00 PM