Business

Vietnam considers Samsung Vietnam success story in FDI: Deputy PM

Deputy Prime Minister Tran Luu Quang on July 21 received CEO of Samsung Vietnam Choi Joo Ho, during which he affirmed that the Vietnamese Government considers Samsung Vietnam as a success story in terms of foreign direct investment in the country.
Vietnam considers Samsung Vietnam success story in FDI: Deputy PM ảnh 1Deputy Prime Minister Tran Luu Quang (R) receives CEO of Samsung Vietnam Choi Joo Ho. (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Tran Luu Quang on July 21 receivedCEO of Samsung Vietnam Choi Joo Ho, during which he affirmed that the VietnameseGovernment considers Samsung Vietnam as a success story in terms of foreigndirect investment in the country.

Choi said the Republic of Korea’s conglomerate has so farinvested 20 billion USD in Vietnam, with more than 100,000 employees working atSamsung factories in Hanoi, Ho Chi Minh City, and the northern provinces of BacNinh and Thai Nguyen.

Every year Samsung still pours an additional 1 billion USD in Vietnam andis trying to disburse all of this additional investment capital to maintaincompetitiveness and sustainable development.

The company has always reported a high export growth rateover the past years, reaching a record high of 65 billion USD last year, headded.

The Samsung Vietnam leader took the occasion to thank the Governmentfor facilitating the company’s operations, hoping to receive additional supportfor win-win cooperation.

Sharing difficulties faced by the firm in 2023, Deputy PMQuang stated the Vietnamese Government is committed to creating an increasinglyfavourable and attractive business and investment environment for foreigninvestors, including Samsung./.
VNA
#Deputy Prime Minister Tran Luu Quang #CEO of Samsung Vietnam Choi Joo Ho #Samsung Vietnam #success story #FDI #Vietnam #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Ministry, Samsung launch smart factory development project in northern region

Ministry, Samsung launch smart factory development project in northern region

Developing smart plants is an essential trend for Vietnamese manufacturing businesses today, emphasised Deputy Minister of Industry and Trade Do Thang Hai at a ceremony to kick off the smart factory development cooperation project for the northern region in 2023, which was co-organised by the ministry and Samsung Vietnam in Hanoi on July 3.

See more

Vu Thi Thuy, Deputy Consul General and Head of the Vietnam Trade Office in Hong Kong Special Administrative Region (China). (Photo: VNA)

Hong Kong experience offers insights for Vietnam–Hong Kong trade cooperation

At this year’s Spring Fair, the Vietnam Trade Office in Hong Kong facilitated the participation of several Hong Kong enterprises in Vietnam to conduct market surveys, seek import sources and showcase their products. Notably, a company under the Hong Kong Productivity Council presented technological solutions for smart homes and smart manufacturing at the event.

People shop for Tet at a supermarket. (Photo: VNA)

Vietnamese goods dominate Tet market in Mekong Delta

In key retail hubs such as Can Tho, Long Xuyen and My Tho, high-quality Vietnamese goods account for 85–90% of Tet market share. Surveys at major supermarket chains and traditional markets show that consumers this year are prioritising locally-processed foods, confectionery and beverages.

Prime Minister Pham Minh Chinh strikes the gong to inaugurate the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

Int’l Financial Centre – A catalyst for Vietnam’s economic breakthrough: Deputy PM

Standing Deputy Prime Minister Nguyen Hoa Binh, who chairs the IFC’s Governing Council, said that the establishment of the centre in Ho Chi Minh City and Da Nang represented the initial realisation of a major task set out in the Resolution of the 13th National Party Congress. While characterising the launch as an early milestone rather than a final achievement, he underscored that it reflected meticulous, methodical and determined preparations at multiple levels of government.

Kobayashi Yosuke, Chief Representative of JICA Vietnam. (Photo: JICA Vietnam)

JICA hails milestones in Vietnam partnership amid green, digital push

In line with Vietnam’s development priorities and its goal of becoming a high-income country by 2045, JICA will continue to work with a wide range of partners in both Vietnam and Japan to mobilise technical and financial resources for more sustainable and inclusive cooperation

Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT 2026) is expected to expand its scale by 20% compared to last year's edition. (Photo: bnews.vn)

Int’l trade fair for apparel, textiles, textile technologies to open in Ho Chi Minh City

According to Vietrade, VIATT 2026 aims to promote the development of Vietnam’s textile and garment industry by enhancing production technologies, strengthening sustainability, and expanding technical textile segments. The event is expected to create opportunities for international businesses to tap into the growth potential of Vietnam and ASEAN, while enabling domestic enterprises to connect more effectively with global buyers.

Participants at a conference on digital assets in Hanoi on December 10. (Photo: VNA)

Finance ministry seeks public feedback on minimal tax on digital assets

Under the draft, the transfer and trading of crypto assets would not be subject to value-added tax. Individual investors, regardless of residency status, would be required to pay personal income tax at a rate of 0.1% on the gross value of each transfer. This approach mirrors the current tax method applied to securities transactions.

Steel products of Hoa Phat Group. (Photo: VNA)

Vietnam aims to meet 80–85% of domestic steel demand by 2030

Vietnam aims to meet 80–85% of domestic steel demand by 2030. Crude steel production is targeted at 25–26 million tonnes per year, with annual growth of 7–8%, while finished steel output is expected to reach 32–33 million tonnes per year, growing by 5.5–6.5% annually. Per capita steel consumption is projected at 270–280 kg per year.

One of the products granted Halal certification in 2026. (Photo: moit.gov.vn)

Spring Fair 2026 boosts momentum for Vietnam’s Halal sector

The fair’s greatest value for Halal products lies less in immediate revenue than in building trust and standardising business practices. In a market where certification determines entry, it highlights that expansion must begin with fundamentals, standards, raw materials, production processes and readiness.

Prime Minister Pham Minh Chinh speaks at the fifth meeting of the Steering Committee for Nuclear Power Plant Construction. (Photo: VNA)

PM calls for more vigorous implementation of nuclear power projects

Describing nuclear power plants as nationally significant, strategic projects with a century-long vision, PM Chinh called for urgent and responsible implementation of tasks within assigned authority, with any outstanding issues promptly reported to higher authorities.