Viet Nam backs Samsung’s operational expansion: PM

The Vietnamese Government always creates the best possible conditions for businesses and investors, including Samsung, to expand operations in the country, Prime Minister Pham Minh Chinh affirmed on January 20.
Thủ tướng Phạm Minh Chính tiếp ông Choi Joo Ho, Tổng Giám đốc Tổ hợp Samsung Việt Nam. (Nguồn: TTXVN)
Prime Minister received Director General of Samsung Vietnam Complex Choi Joo-ho in Han Noi on January 20. (Nguồn: TTXVN)

At a reception for Director General of Samsung Vietnam Complex Choi Joo-ho in Han Noi, the PM said Samsung’s investment is evidence of the fruitful development of the strategic cooperative partnership between Viet Nam and the Republic of Korea (RoK).

He lauded the group’s performance amid the COVID-19 pandemic, with its cumulative turnover increasing 14 percent in 2021 as compared with the previous year to hit over 74 billion USD.

PM Chinh appreciated Samsung’s consideration of Viet Nam a destination for its long-term investment, noting its projects are among the FDI projects that are being rolled out quickly in the Southeast Asian nation.

Samsung’s research and development center, the biggest of its kind in Southeast Asia under construction in Ha Noi, is expected to support Vietnamese firms and raise the locally-made content, he said.

The Government views Samsung as an investment model in Viet Nam, and stands ready to help the group seek the best suitable destination for its high-tech battery project, he said.

The PM called on Samsung to continue helping Vietnamese firms participate in its global value chain as well as research and development activities in Viet Nam.

The leader expressed his hope that Samsung will work to attract investments to Viet Nam, and suggested the group set out a personnel training strategy to include Vietnamese in its leadership.

For his part, Choi praised Viet Nam’s achievements in the COVID-19 combat and socio-economic development in 2021, with export-import revenue growing by 23 percent.

Samsung earned 65.5 billion USD from exports last year, up 15.8 percent from the previous year, he said, attributing the results to the Vietnamese Government’s support policies.

Regarding the research and development centre, he said it is expected to be put into operation this year.

Both sides noted their belief that the cooperation will grow further in 2022 and the years to come.

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(Source: VNA)