The Vietnamese government encourages Samsung to keep expanding its investment in Vietnam, not only in electronics but also in other businesses such as energy, port and marine facilities, science and technology.Minister and Head of the Government Office Mai Tien Dung made the statement when hosting a reception for General Director of Samsung Vietnam Shim Won Hwan on August 14.
The Vietnamese government is determined to build an electronic and digital government, and a digital economy. Thus, Vietnam wants Samsung to support in the process of building an e-government, Minister Dung said.
Minister Mai Tien Dung received General Director of Samsung Vietnam Shim Won Hwan. Photo: Nhat Bac
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Speaking highly of Korean investors, the official hailed Samsung Group for keeping its position as the largest foreign investor in Vietnam for many years.
In the first seven months of 2018, of the 96 countries and territories with investment projects in Vietnam, South Korea ranked second with total registered capital of US$5.46 billion. Samsung so far has ploughed into Vietnam some US$17 billion.
At the reception, Mr. Shim Won Hwan thanked the Vietnamese government for its support and favorable conditions for domestic and foreign investors, including Korean investors and Samsung Group in Vietnam.
The executive also mentioned the problems of Samsung factory in Thai Nguyen. Currently, the total investment capital of Samsung Thai Nguyen is US$5 billion and the company has proposed the Ministry of Finance and the General Department of Taxation to apply profit allocation as at Samsung Bac Ninh. He also asked for exemption and land use fee for the group's expanded investment in the Samsung Thai Nguyen complex.
Regarding Hwan’s petitions, Dung said that they are reasonable. The Government Office receives comments from Samsung Vietnam and will report to the Prime Minister for early guidance and considering Samsung Vietnam’s proposals about income tax, and extention of the investment period.
At the same time, the Government Office will make specific recommendations on what Samsung Vietnam pointed out and assume responsibility for resolving conflicts and obstacles proposed by the enterprise, Dung stressed.
