VN creates favorable condition for foreign investors

Vietnamese Prime Minister Nguyen Xuan Phuc yesterday received General Director of Samsung Electronics Vietnam Han Myoung Sup at Governmental Office in Hanoi. 

Samsung factory in Vietnam (Photo:SGGP)

Samsung factory in Vietnam (Photo:SGGP)

At the reception, PM Phuc welcomed investment expansion of the electronic group into his country in the fields of energy, electricity, seaport infrastructure, science and technology, health …from which he also suggested Samsung to boost the investment in Vietnam's support industry. The PM hoped the group will maintain its stable development, increase export turnover to contribute multi- faceted cooperation friendship between the two nations.

Samsung Display Vietnam (SDV) had total investment capital of US$ 6.5 billion. Currently, the Korea’s electronic group makes efforts in expanding its investment scale although it is suffering difficulties.

This year, Samsung targets to reach US$ 60 billion revenue, and more than US$ 50 billion on export turnover.

Currently, there are 107,000 Vietnamese labors working at Samsung factory in Vietnam


BY LAM NGUYEN- Translated by Huyen Huong

Other news

Most view

Vietnam-Singapore Industrial Park in the southern province of Binh Duong

Singapore registers to invest over $41.38 billion in Vietnam

Singapore has 1,918 valid investment projects in Vietnam with the total registered capital of US$41.38 billion by the end of August, ranking third out of 122 nations and territories investing in the country.
 

Banking-finance

VAMC buys nearly VND21 trillion deep debts

Vietnam Asset Management Company (VAMC) purchased VND20,995 billion (US$924 million) of deep debts from credit institutions during the first nine months this year with the price of VND20,619 billion.

Economy

Economy stable, inflation under 4%

The Government reported yesterday to the National Assembly that the macro economy remains stable, inflation is controlled under 4 percent, and the annual growth target of 6.7 percent is likely to be achieved. The Gross Domestic Product (GDP) per capita is estimated to reach US$2,400 this year.
 

Self - introduction

Stock market

180m shares start trading on UPCoM this week

Nearly 180 million shares of four companies will start trading on the Unlisted Public Company Market (UPCoM) on the Hà Nội Stock Exchange on October 16-20.