PM urges Samsung Vietnam to expand operation

Prime Minister Nguyen Xuan Phuc on June 14 suggested Samsung Vietnam expand its operation not only in electronics assembling but also in technological development. 

During a reception in Hanoi for General Director of Samsung Vietnam Choi Joo-ho, PM Phuc said he hopes the group will continue studying and producing new-generation technological products to catch up with the Fourth Industrial Revolution, as well as assist Vietnam in building e-government - a field of its strength. 

He also asked Samsung to continue offering practical help in workforce training and technological transfer to Vietnamese firms in supporting industry, especially small- and medium-sized enterprises, making it easier for them to provide spare parts for the group. 

Prime Minister Nguyen Xuan Phuc (R) and General Director of Samsung Vietnam Choi Joo-ho (Photo: VNA)
Prime Minister Nguyen Xuan Phuc (R) and General Director of Samsung Vietnam Choi Joo-ho (Photo: VNA)

The PM wished that Samsung would call on major Republic of Korea’s firms to invest in Vietnam. 

On the occasion, he also asked Choi to point out difficulties facing Samsung Vietnam since he assumed the position six months ago. 

Choi, for his part, said the company earned 28.5 billion USD in revenue as of the late May, 24 billion USD of which was from exports. This year’s figure is projected at 73.5 billion USD, including 63.5 billion USD from exports, up 5 percent year-on-year. 

He also reported about a plan to build Samsung Vietnam research and development centre as suggested by the PM during his previous meeting with the group’s leaders. 

Once operational, the centre will accommodate 2,000 – 3,000 people and become the largest of its kind in Southeast Asia, he said, adding that it will focus on training for software workforce, and other fields such as 5G, artificial intelligence and big data. 

Hailing the significance of the centre, the host directed the Hanoi municipal People’s Committee to offer all possible support to the project. 

He wished that Samsung would do long-term business in the country and increase its investment to 20 billion USD from 17.4 billion USD at present. 

Choi said Samsung invited a major RoK semiconductor manufacturer to invest in Bac Giang with a total capital of around 500 million USD.

VNA

Other News

Data-driven land valuation to curb speculation: Experts

Data-driven land valuation to curb speculation: Experts

From a property-market perspective, Do Thi Thu Giang, National Director of Valuation and Advisory at Savills Vietnam, said the orientations under Resolution No. 21-NQ/TW could make the market more transparent and efficient, with property values increasingly tied to actual development and use potential.

Resolution No. 19-NQ/TW sets new growth drivers for Vietnam

Resolution No. 19-NQ/TW sets new growth drivers for Vietnam

Science and technology, innovation, digital transformation and AI must be translated into higher productivity rather than pursued as ends in themselves. At the same time, people should be placed at the centre of development, not merely viewed as a resource but as the ultimate objective of development policies.

Expo to open door for Vietnamese suppliers to enter US market

Expo to open door for Vietnamese suppliers to enter US market

US retail giant Target is seeking Vietnamese suppliers of household goods, home textiles, children’s products, personal care and beauty products, with a focus on companies capable of manufacturing and developing products that meet requirements on quality, design and supply chain management.

2026 Banking Sector Digital Transformation to open in Hanoi

2026 Banking Sector Digital Transformation to open in Hanoi

The annual event, which will be held on August 18-19, 2026, at the ICE International Exhibition Centre, 91 Tran Hung Dao Street, Hanoi, is expected to attract around 324 delegates and feature 21 booths representing credit institutions, payment intermediary service providers, and technology companies.

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.

Vietnam targets higher-quality FDI under Resolution 10

Vietnam targets higher-quality FDI under Resolution 10

During the first seven months of 2026, Vietnam attracted more than 38 billion USD in registered FDI, up nearly 58% year-on-year. More importantly, the increase was driven by large-scale, high-tech projects rather than a surge in the number of new investments, signalling a significant improvement in the quality of capital inflows.

Manufacturing, engineering drive hiring growth in H1: report

Manufacturing, engineering drive hiring growth in H1: report

Manufacturing and engineering posted the strongest recruitment growth, with hiring demand surging 70% year-on-year, driven by production expansion, supply chain restructuring and sustained investment inflows in high-tech manufacturing.

Government proposes special mechanisms to unblock APEC 2027 projects in Phu Quoc

Government proposes special mechanisms to unblock APEC 2027 projects in Phu Quoc

The projects in Phu Quoc have been implemented under tight deadlines. Since May 2025, the Prime Minister has directed preparations for APEC 2027, including accelerated infrastructure development on the special zone. An Giang province and investors have subsequently launched a number of major projects involving complex technical requirements and demanding construction schedules.

Financial market reform plan targets high, sustained growth through 2045

Financial market reform plan targets high, sustained growth through 2045

The plan seeks to develop a balanced and modern financial market that is closely integrated with regional and global markets, strengthens the mobilisation and allocation of domestic and foreign capital, and enhances the market’s role as a key provider of medium- and long-term capital for the economy and as a major driver of sustained high economic growth.

An Giang aims to become leading maritime economic hub

An Giang aims to become leading maritime economic hub

Under the province's master plan for 2021–2030 with a vision to 2050, An Giang will prioritise investment in five strategic sectors: strategic infrastructure; processing industries and clean energy; trade, services, logistics and border-gate economy; high-quality tourism; and high-tech agriculture, ecological development and the circular economy.