Prime Minister Nguyen Xuan Phuc (R) meets Shin Jong-kyun, President and CEO of Samsung Electronics (Photo: VNA) Hanoi (VNA)– Prime Minister Nguyen Xuan Phuc has vowed that Vietnam always supports andcreates all optimal conditions for foreign investors, including Samsung, to runbusiness in Vietnam.
At a reception inHanoi on October 6 for Shin Jong-kyun, President and CEO of the Republic ofKorea (RoK)’s Samsung Electronics, the PM lauded the company for being thelargest investor in Vietnam.
He said that cooperationbetween Vietnam and the RoK has grown fruitfully in all fields. This year, thetwo countries are celebrating their 25th anniversary of diplomaticties, he noted.
He expressed his hopethat Samsung will continue expanding its business in Vietnam, not only inelectronics but other fields that the firm is strong in.
He suggested the firmcontinue assisting Vietnam in human resources training and technology transfer,thus creating opportunities for local support industry businesses, especiallysmall and medium-sized ones.
The Government leaderasked Samsung to launch its Centre for Research and Development on schedule.
For his part, ShinJong-kyun said that after its decade-long presence in Vietnam, Samsung’sinvestment has mounted to 17 billion USD. He revealed that Samsung plans to exportover 50 billion USD worth of products in 2017, accounting for 20 percent ofVietnam’s total export value. The two Vietnam-based factories are the largestand most modern of the firm so far, he said.
He voiced his hope tocontinue receiving support from the Government and PM of Vietnam in order to makemore contributions to the country’s development.
Shin said that the companyhas paid great attention to the training of Vietnamese staff, while increasingthe number of Vietnamese firms joining its supply chain to 29 by the end ofthis year. In the next three years, the figure is expected to reach 50, hesaid, adding that Samsung is interested in telecommunication sector ofVietnam-VNA
VNA
