"Vietnam’s success is Samsung’s success", he told Prime Minister Pham Minh Chinh in Seoul on Tuesday, adding that Samsung commits to journey with Vietnam in the long run.

In May the chairman told PM Chinh that Samsung would invest around $1 billion in Vietnam each year.

Chinh praised Samsung’s success in Vietnam and asked the company to diversify its supply chain in the country and make the country its strategic location for manufacturing and research.

He added that Vietnam’s is making policy changes to attract investors in the high-tech, semiconductor and AI sectors.

Vietnam is also making negotiations for new free trade agreements to expand its exports to the Middle East, South America and Africa, which will help distribute Samsung products to these markets.

The PM urged Samsung to increase the localization of manufacturing and allow Vietnamese firms to participate deeper in its supply chain.

He wants Samsung to provide high quality training of Vietnamese staff.

Lee said that 310 Vietnamese companies are now Samsung suppliers, and the number has surged 12 times from 2014.

Around 2,500 engineers and researchers are working at its research and development center in Hanoi, where Samsung is researching AI and 5G equipment.

Chinh added that in the near future he hopes to see a Vietnamese executive in Samsung Vietnam’s board.

Samsung is the biggest foreign direct investor in Vietnam with four factories in the country with a total investment of $2 billion to date.

Over 50% of its smartphones sold globally are made in Vietnam.

Prime Minister Pham Minh Chinh and his wife are on an official visit to South Korea from June 30 to July 3 at the invitation of South Korean Prime Minister Han Duck-soo and his spouse.

Wheelchairs and Samsung scholarships offered to people with disabilities and impoverished students

BAC GIANG - The Bac Giang provincial Study Promotion Association, Department of Labor, War Invalids and Social Affairs, Samsung Electronics Vietnam Company Limited (Samsung) on November 1 organized an event at the conventional hall of Bac Giang city People’s Committee to present wheelchairs to people with disabilities and scholarships to impoverished students.

Prime Minister hosts CFO of Samsung Group

Prime Minister Pham Minh Chinh hosted a reception in Hanoi on October 31 for Chief Financial Officer of Samsung Group Park Hark Kyu.

Samsung Vietnam Company gives scholarships to 200 VKTech’s students

BAC GIANG- Samsung Display Vietnam Company Limited in Yen Phong industrial park, Bac Ninh province on October 16 collaborated with Vietnam-Korea College of Technology (VKTech) to present 200 scholarships to outstanding students of the College, each worth 5 million VND (203 USD).

PM calls on Samsung to hire Vietnamese managers

Prime Minister Pham Minh Chinh has asked Samsung Electronics Vietnam to hire more Vietnamese as executives and managers.

Industry ministry, Samsung jointly train molding technicians

The Ministry of Industry and Trade (MoIT) and Samsung Vietnam kicked off the sixth batch of the training programme for molding technicians of Vietnam on June 26.

Source: VnExpress