thai nguyen ranks second in fdi attraction in two months

Thai Nguyen ranks second in FDI attraction in two months

The northern province of Thai Nguyen with the issuance of of a licence to to Samsung Electro-Mechanics Vietnam Co., Ltd under Samsung Corporation of the Republic of Korea to add 920 million USD to its project, ranked second in attracting foreign direct investment (FDI) in the first two months of 2022, behind Bac Ninh.
samsung vietnam supports smart factory development

Samsung Vietnam supports smart factory development

The Ministry of Industry and Trade and Samsung Vietnam on February 22 signed a Memorandum of Understanding on cooperation in smart factory development.
samsung electronics not to move manufacturing base to rok

Samsung Electronics not to move manufacturing base to RoK

Samsung Electronics has confirmed that it has relocated two smartphone production lines of its business partners from Vietnam's northern Thai Nguyen province to its Gumi plant in North Gyeongsang province of the Republic of Korea (RoK).
rok firm adds 920 million usd to project in thai nguyen

RoK firm adds 920 million USD to project in Thai Nguyen

Authority of the northern province of Thai Nguyen on February 16 handed over a licence to Samsung Electro-Mechanics Vietnam Co., Ltd (SEMV) under Samsung Corporation of the Republic of Korea to add 920 million USD to its project in the Yen Binh industrial park (IP) in Pho Yen town.
smartphone market of vietnam expected to pick up speed in 2022

Smartphone market of Vietnam expected to pick up speed in 2022

Based on an on-year comparison with 2021, Vietnam’s smartphone market is expected to continue to grow in 2022 and become one of the most competitive ones in Southeast Asia.
samsung electronics ceo han jong hee visits vietnam

Samsung Electronics CEO Han Jong-hee visits Vietnam

Han Jong-hee, vice chairman cum CEO of Samsung Electronics, is reportedly in Vietnam at the moment to finalise preparations for the South Korean tech giant's annual Galaxy Unpacked presentation this week.
vietnam on way to become worlds production hub sputnik

Vietnam on way to become world’s production hub: Sputnik

Vietnam is expected to become a new production hub of the world, as “Made in Vietnam” products are winning larger shares in the international market, according to Russia's Sputnik news agency.
samsung to build vietnams first combined cycle power plant

Samsung to build Vietnam’s first combined cycle power plant

Samsung C&T Corp., the construction unit of Samsung Group, has announced it had obtained a plant deal worth 510 million USD from Vietnam.
samsung vietnam reports 742 billion in revenues in 2021

Samsung Vietnam reports $74.2 billion in revenues in 2021

Samsung achieved $74.2 billion in revenues and $65.5 billion in export turnover in 2021, up 14 and 16 per cent on-year, respectively, reinforcing the position as the largest exporter in Vietnam.
ministry to help local firms to join fdi multinationals supply chains

Ministry to help local firms to join FDI multinationals’ supply chains

The Ministry of Industry and Trade (MoIT) has said this year it will closely coordinate with several foreign multinationals like Samsung and Toyota to connect with local suppliers of materials and accessories, in an effort to seek alternative supply for imports in both short and long terms.
vietnam and south korea expect to reach 100 billion trade turnover in 2023

Vietnam and South Korea expect to reach $100 billion trade turnover in 2023

South Korean investors’ commitment to invest in Vietnam for the long-term is a foundation to push bilateral trade turnover to reach $100 billion in 2023. The figure is expected to increase to $150 billion in 2030.
foreign groups circumvent lack of experts with training revamps

Foreign groups circumvent lack of experts with training revamps

Foreign businesses in Vietnam are placing new priorities on recruiting more local tech workers and setting up skills training for them in order to address the shortage of experts coming in from other countries.
foreign investors affirm confidence in vietnams economic recovery in post covid 19

Foreign investors affirm confidence in Vietnam's economic recovery in post-COVID-19

The fourth outbreak of the COVID-19 pandemic starting from late April has had more negative impacts on daily life as well as socio-economic development than the previous waves in the country.
vietnam and samsung express wish for mutual support and partnership

Vietnam and Samsung express wish for mutual support and partnership

During a visit to the Samsung factory in the northern province of Thai Nguyen, the corporation and the prime minister exchanged promises to foster each other's growth on the long-term.
south koreans strive to keep hold of production presence

South Koreans strive to keep hold of production presence

Despite Vietnam’s prolonged trade deficit with South Korea and continuing complexities with the pandemic, the latter is boosting its investment and exports to the former for production and re-export to take advantage of tax cuts under a trade pact.