Tuesday, 19 Mar 2019
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INVESTMENT

Samsung considers Vietnam global strategic base

Updated at Saturday, 12 Jan 2019, 10:33
The Hanoitimes - Samsung is stepping up investment activities in Vietnam, including the construction of a research & development (R&D) center. Part of the process would be the transfer of Samsung’s cutting-edge technologies to the center, said a Samsung executive.
South Korea’s tech giant Samsung considered Vietnam its global strategic base and is committed to long-term business in the country, according to Shim Won Hwan, Samsung’s general director. 
 
Prime Minister Nguyen Xuan Phuc and Samsung's CEO Shim Won Hwan. Source: VGP.
Prime Minister Nguyen Xuan Phuc and Samsung's CEO Shim Won Hwan. Source: VGP.
Samsung Vietnam has seen the most impressive growth rate among Samsung’s affiliates all over the world, indicating a strong commitment of the group to Vietnamese government, Shim said in a meeting with Prime Minister Nguyen Xuan Phuc on January 11. 

At present, Samsung is stepping up investment activities in Vietnam, including the construction of a research & development (R&D) center. Part of the process would be the transfer of Samsung’s cutting-edge technologies to the center, Shim added. 

Shim, formerly CEO of Samsung Vietnam, expressed his impression over the country’s high economic growth, reaching the 10-year record growth of 7.08% in 2018. He added that Samsung is pleased to have contributed to such success. 

At the meeting, Prime Minister Nguyen Xuan Phuc said Samsung is an example of the bilateral relation between Vietnam and South Korea. Phuc stressed the government gives priority to creating favorable conditions for the group’s success in Vietnam. 

In the coming time, the government would continue to stabilize the macro economy and improve business environment. Phuc valued Samsung’s commitment to maintaining its status as the largest foreign investor in Vietnam, expecting the group to expand investment in the country. 

Responding to Phuc’s statement, newly-appointed Samsung Vietnam CEO Choi Joon Ho said the government has always been supporting to Samsung Vietnam’s operation. Choi stated that he is strongly committed to the development of Vietnam. 
Ngoc Mai
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