Samsung commits to continue expanding operations in Vietnam

January 12, 2019 | 12:56
Vietnam is an important production link in the global manufacturing chain of Samsung, thus the group commits to invest more into long-term operations in Vietnam.
samsung commits to continue expanding operations in vietnam
Prime Minister Nguyen Xuan Phuc (right) and Samsung group chairman Shim Won Hwan met to discuss expansion plans

On January 11, Shim Won Hwan, chairman cum general director of Samsung group, attended a meeting with Prime Minister Nguyen Xuan Phuc. The PM encouraged Samsung to implement its plan to expand operations in Vietnam, while simultaneously committing that Vietnam will provide favourable conditions and support the group to achieve further success in the country.

Hwan, who used to be general director of Samsung Vietnam, expressed his admiration for Vietnam’s socioeconomic growth and was proud about Samsung’s contributions to this growth.

samsung commits to continue expanding operations in vietnam
The PM promised full support for Samsung success in Vietnam

Samsung Vietnam reported the fastest growth in comparison among all of Samsung’s manufacturing bases around the globe. At present, Samsung Vietnam is trying to accelerate the development of their local research and development (R&D) centre. Besides, the group is implementing technology transfer for this R&D centre.

“The Vietnamese government expects that in this year, Samsung Vietnam’s complex will see soaring business results. Vietnam has also committed to creating a stable microeconomy and improve the investment environment to support Samsung’s plans to expand in the country,” said PM Phuc.

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional