Samsung Vietnam

Samsung is committed to developing Vietnam beyond its role as a global manufacturing base to become the Group's strategic hub for global research and development.

Samsung has already invested $18 billion in Vietnam, and the group plans to increase the amount to $20 billion over the next two years.

Vietnam prioritizes protecting the legitimate interests of both domestic and foreign investors, especially strategic investors.

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

Samsung will continue to expand its cooperation and training of IT talents in universities based on market needs and technological development trends in the world.

The R&D center in Hanoi, scheduled to be completed by late 2022, would be Samsung’s major R&D hub not only in Vietnam but also the whole of Southeast Asia.

The South Korean tech giant would support the training of 100 experts and assist 50 local companies in applying the model of the smart factory in Vietnam.

The latest move would bring the total capital commitment of the South Korean giant to $19.2 billion, reaffirming its status as the largest foreign investor in Vietnam.

The figure places phones and accessories as Vietnam’s export items with the highest earnings in 2021.

Vietnam has exceeded its role as Samsung’s global production hub and would soon become its key R&D center in the future.