Politics

Samsung contributes significantly to Vietnam’s economy: PM

Foreign-invested enterprises, including Samsung Complex Vietnam (Samsung Vietnam) of the Republic of Korea (RoK), are an important component of Vietnam’s economy, Prime Minister Nguyen Xuan Phuc told Han Myoung-Sup, General Director of Samsung Vietnam at a meeting in Hanoi on May 16.
Samsung contributes significantly to Vietnam’s economy: PM ảnh 1Prime Minister Nguyen Xuan Phuc (R) and Han Myoung-Sup, General Director of Samsung Vietnam (Source: VNA)
Hanoi (VNA) – Foreign-invested enterprises, including Samsung Complex Vietnam(Samsung Vietnam) of the Republic of Korea (RoK), are an important component ofVietnam’s economy, Prime Minister Nguyen Xuan Phuc told Han Myoung-Sup, GeneralDirector of Samsung Vietnam at a meeting in Hanoi on May 16.

PMPhuc highlighted Samsung’s significant contributions to Vietnam’s exportturnover and job generation.

Applauding Samsung’s investment expansion in the country, the leader suggestedthe group support Vietnam in training and technology transfer, thus enabling localsupport industry firms, especially small and medium-sized ones, to enhancelinks and join the supply of materials and components, tourism service andother services for Samsung.

He asked the group to accelerate the implementation of the Samsung Research andDevelopment (R&D) centre in line with pledged progress so to help promoteR&D activities in electricity and electronics in Vietnam.

Vietnam will continue supporting Samsung’s investment expansion in the country,thus maintaining and boosting the export of Samsung’s products manufactured inVietnam, Phuc affirmed, calling the group to make more efforts for its future stableand constant development to contribute to Vietnam’s economic development.

For his part, Han Myoung-Sup briefed the host on Samsung’s operation in Vietnamin recent time, saying that the firm’s export and revenue recovered in the firstmonths of this year after the Galaxy Note 7 incident with its export expectedto hit 11 billion USD in the second quarter.

Samsung Display Vietnam (SDV), a subsidiary of Samsung Vietnam, which has atotal investment of 6.5 billion USD, is striving to expand its investment, hesaid.

SamsungVietnam has set to rake in 60 billion USD in revenue and 50 billion USD inexport turnover in 2017, he noted.

According to the general director, as many as 107,000 Vietnamese are working atfactories of Samsung Vietnam. The group plans to recruit more local workers toserve its future production expansion scheme.

He said he hopes that the Vietnamese Government, ministries and sectors willcreate favourable conditions for Samsung Vietnam in general and SDV inparticular to effectively operate in the country.-VNA
VNA
#Foreign-invested enterprises #Samsung Complex Vietnam #RoK #Han Myoung-Sup #export turnover #job generation #tourism service #R&D centre #economic development. Korea (RoK)
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