Log in
Econ

Samsung Vietnam opens largest R&D center in Southeast Asia

The new R&D center is expected to improve Vietnam's industrial competitiveness.

Samsung Vietnam officially opened the largest new R&D Center in Southeast Asia on December 23 in the presence of Prime Minister Pham Minh Chinh in the Tay Ho Tay urban area of Hanoi.

 Prime Minister Pham Minh Chinh attends the opening ceremony of the R&D center. Photos: VNA

The new R&D center, with an investment capital of US$220 million, covers an area of 11,603 square meters. The facility will research and develop mobile devices, including smartphones, tablet PCs, and software and hardware products.

The company plans to develop the facility to become the global No. 1 center through enhancing cooperation with tech universities as well as research capabilities of Vietnamese engineers in products development, artificial intelligence (AI), internet of things (IoT), big data, and the fifth generation (5G) network, and others.

At the opening ceremony, Prime Minister Pham Minh Chinh said the R&D center in Hanoi is a testament to Samsung's orientation and commitment to its long-term operation in Vietnam. 

Chinh believed that Vietnam had become an important production "base" of Samsung globally. 

Samsung Electronics CEO Roh Tae Moon said he hoped the center would become where Vietnam's most elite IT talents are trained, and world-leading technologies are created.

He added it is expected to contribute to improving Vietnam's industrial competitiveness. 

 Delegates attend the event.

Besides, under the Samsung Talent Program, the tech giant has joined hands with Vietnamese universities to train excellent software engineers and programs, sponsored 11 Samsung Labs at nine universities, and awarded hundreds of Samsung talent scholarships to Vietnamese students.

The total investment value was more than VND108 billion ($4.5 million).

Earlier, at a September meeting with Samsung Electronics Vietnam (SEV) leaders, Chairman of the Hanoi People's Committee Tran Sy Thanh stated that Hanoi always welcomes international enterprises to develop their business in the city, including Samsung, one of the city's major strategic partners.

Thanh added that the city and related departments would provide maximum assistance to SEV to ensure that the Hanoi R&D center will start its research in the nearest future.

Reactions:
Share:
Trending
Most Viewed
Related news
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.