Samsung Vietnam expressed its interest in increasing investments in the central region, particularly Danang, and is now hoping for favourable conditions to realise this endeavour.
|Samsung looks for investment opportunities in Danang |
Choi Joo Ho, CEO of Samsung Vietnam, said in a meeting with the leadership of Danang People’s Committee on April 1 that the company expects to receive favourable conditions for implementing research and investment promotion activities in the city.
According to Ho, Samsung Vietnam is initially investing in the hotel sector, creating the basis for Samsung Vietnam and other member companies to expand their operation in the city.
At present, the company is testing a commercial 5G telecommunications network in the central city. Samsung has pioneered the delivery of 5G solutions through ongoing research and development.
Danang offers a high-tech park with one of the best infrastructures in Vietnam, which is currently completing the construction of additional space for IT, telecommunication, and technology projects, among others.
In 2008, Samsung invested in the first mobile phone manufacturing complex in the northern province of Bac Ninh. To date, the company has six complexes and one research and development centre in Vietnam. The two in Bac Ninh and Thai Nguyen provinces are Samsung’s largest facilities globally. Its home electronics complex in Ho Chi Minh City is also considered the largest in Southeast Asia.