Samsung to invest US$1 billion annually in Vietnam
Samsung's R&D center currently employs 2,400 engineers, with Vietnamese engineers playing a crucial role in researching AI features for the new Galaxy S24 phone series.
Samsung's R&D center currently employs 2,400 engineers, with Vietnamese engineers playing a crucial role in researching AI features for the new Galaxy S24 phone series.
The global minimum tax will affect multinationals such as Samsung, Intel, LG, Bosch, Sharp, Panasonic, Foxconn and Pegatron, among other investors in Vietnam.
Vietnam remains an appealing option for investors looking to diversify their supply chains.
Companies have seen their business situation on the uptrend recently, amid Vietnam's positive economic performance, and expect to continue to bet on staying for the long term.
Vietnam currently stands 12th globally and third in ASEAN in electronics exports.
The report added that out of 65 countries and territories investing in Vietnam in the first three months of 2022, Singapore took the lead with $2.29 billion, or 25.7% of the total.
The Vietnamese Government sees Samsung as a successful investment model in Vietnam.