Samsung

Samsung is currently the largest foreign direct investor in Vietnam, with major projects in Bac Ninh, Thai Nguyen and Ho Chi Minh City worth up to US$22.4 billion.

This is the first collaboration between Samsung Vietnam and NIC to support Vietnam's goal of 50,000 semiconductor engineers by 2030.

So far, Hanoi has been home to Vietnam’s first Internet of things (IoT) Innovation Hub and Samsung-developed largest Southeast Asian R&D center.

The country has gradually developed into a semiconductor manufacturing hub for the growth of the chip manufacturing sector.

South Korean investors have poured US$79 billion into 19 out of 21 economic sectors in Vietnam.

South Korea has continued providing financial assistance to Vietnam, focusing on five key sectors namely digital transformation, tertiary education, building the South Korea-Mekong community, smart city, and transport.

Vietnam is a force to be reckoned with in driving digitalization in the region, and a great example for countries around the world, stated ITU President Houlin Zhao.

Low labor costs, adequate infrastructure quality, and simplified administrative procedures are seen as Vietnam’s pull factors for investors like Samsung, Foxconn, Nike, Adidas, Gap, and Levis.

Bac Giang remains the epicenter with one third of total infections confirmed in Vietnam since early 2020.

Vietnam is speeding up the vaccination among workers after Covid-19 attacked industrial parks in areas nearby Hanoi.