Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
Samsung Vietnam is set to venture into new sectors, including artificial intelligence (AI), the semiconductor industry, and digital transformation.
| Prime Minister Pham Minh Chinh and General Director of Samsung Vietnam Choi Joo Ho. Source: VGP |
Choi Joo Ho, outgoing General Director of Samsung Vietnam, and his successor, Na Ki Hong, shared this during a meeting with Prime Minister Pham Minh Chinh on February 12. Both executives reaffirmed Samsung’s commitment to further invest in emerging fields such as AI, semiconductors, and digital transformation.
As the largest foreign direct investor in Vietnam, Samsung has a total registered investment of $23.2 billion. In 2024, the company recorded revenue of $62.5 billion and export value of $54.4 billion. After more than a decade of development in Vietnam, Samsung now has over 300 local suppliers.
During the meeting, Samsung's executives requested continued support from the Prime Minister and relevant ministries for the company’s investment and business activities in Vietnam. Prime Minister Pham Minh Chinh assured them that the Vietnamese Government remains committed to facilitating Samsung’s sustainable, efficient, and successful business operations in the country. “Our approach is based on shared benefits, shared risks, mutual understanding, collaboration, and joint development,” he stated.
| Delegates at the meeting. |
The Prime Minister said that Samsung should maintain its leading position as a strategic investor in Vietnam, further developing supporting industries, semiconductor manufacturing, science and technology, innovation, and digital transformation.
He also outlined the Government’s ambitious economic targets, aiming for a growth rate of at least 8% in 2025 and double-digit growth in the future. To achieve these goals, Vietnam will continue improving its investment environment and driving strategic breakthroughs to usher in a new era of economic development.
The Prime Minister urged Samsung to work with Vietnamese ministries and agencies to effectively implement training centers under the National Innovation Center, expand its R&D investments, and support local startups and innovation initiatives.
Additionally, he proposed that Samsung consider appointing a Vietnamese executive to its leadership team in Vietnam. He also called on Samsung to help enhance the capabilities of local businesses, enabling them to integrate into the company’s global supply chain.
“Both sides should strengthen cooperation to integrate Vietnamese digital technology companies into Samsung’s ecosystem,” the Prime Minister emphasized.
