several southern suppliers receiving support from samsung

Several southern suppliers receiving support from Samsung

The second phase of the Smart Factory Development Cooperation will forge ahead in the southern region from August, benefitting 12 businesses.
samsung imprinting essential role in fostering capital inflows

Samsung imprinting essential role in fostering capital inflows

Consecutive expansions from Samsung and other big foreign electronics groups have proved crucial in boosting Vietnam’s foreign-invested capital statistics for the first half of 2022.
electronics giants leading foreign investment bounce

Electronics giants leading foreign investment bounce

With billions of US dollars worth of high-quality investment committed, Vietnam is set to elevate itself to value chains, becoming a key manufacturing hub in the region.
samsung engineering acquires stake in dnp water

Samsung Engineering acquires stake in DNP Water

Samsung Engineering, one of the world’s leading engineering, procurement, construction and project management companies announced on July 5, that it has acquired a 24-per-cent stake in the Vietnamese water treatment company DNP Water for about $41 million.
global manufacturers gradually focus on vietnam

Global manufacturers gradually focus on Vietnam

Many manufacturers in the global supply chain of major firms are gradually focusing on Vietnam.
rok firms expand investment in research and development in vietnam

RoK firms expand investment in research and development in Vietnam

Leading enterprises from the Republic of Korea (RoK) including Samsung Electronics, Naver and Revu Corporation have further promoted investment in research and development (R&D) centres in Vietnam to fully tap high-quality and low-cost human resources.
local suppliers fuelled to meet higher standards

Local suppliers fuelled to meet higher standards

Samsung Electronics and the Ministry of Industry and Trade last month held a kick-off ceremony for a smart factory in the northern province of Vinh Phuc. Ngo Huu Tiep, group chairman of Haast Industry Vietnam – one of 14 domestic suppliers being supported – told VIR’s Kim Oanh about the factory’s role in fostering Vietnam’s supporting industries.
samsung commits 356 bn in investments with 80000 new jobs

Samsung commits $356 bn in investments with 80,000 new jobs

South Korean conglomerate Samsung Group on Tuesday unveiled a massive 450 trillion won ($356 billion) investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics.
room left for growth among domestic suppliers

Room left for growth among domestic suppliers

The construction of a smart factory by Samsung Electronics and the Ministry of Industry And Trade (MoIT) serves as an example of how large-scale companies can contribute to fostering the development of domestic supporting industries.
fdi quality in need of fresh policy boost

FDI quality in need of fresh policy boost

Despite good performance in foreign investment attraction over the past year, the number of high-tech projects from developed countries investing in Vietnam is modest as compared to the incentives set forth.
samsung completed parts of construction of rd centre in hanoi

Samsung completed parts of construction of R&D centre in Hanoi

On May 14, Samsung Vietnam completed part of the construction for its new research and development (R&D) centre in Hanoi.
samsung electronics q1 net profit up almost 60 percent

Samsung Electronics Q1 net profit up almost 60 percent

South Korean tech giant Samsung Electronics posted a near 60 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales.
award gala swing for the kids golf tournament garnered benevolent donors

Award-gala Swing For the Kids golf tournament garnered benevolent donors

The 15th Swing for the Kids charity golf tournament has concluded with nearly $105,000 raised by domestic and foreign donors.
samsung forecasts q1 operating profit up 503 year on year

Samsung forecasts Q1 operating profit up 50.3% year-on-year

Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement Thursday, despite global supply chain woes.
samsung hopes for favourable conditions to expand in danang

Samsung hopes for favourable conditions to expand in Danang

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.