Prime Minister hopes Samsung to broaden investment in Vietnam

SGGP
Prime Minister Nguyen Xuan Phuc yesterday said he hoped that Samsung Electronics will continue broadening investment in Vietnam not only in electronics but also other fields of its strength.

Prime Minister Nguyen Xuan Phuc receives Mr. Shin Jong Kyun, chairman and director general of Samsung Electronics Company in Hanoi on October 6

Prime Minister Nguyen Xuan Phuc receives Mr. Shin Jong Kyun, chairman and director general of Samsung Electronics Company in Hanoi on October 6

Receiving Mr. Shin Yong Kyun, chairman and director general of South Korean Samsung Electronics Company at the Government headquarters, Mr. Phuc appreciated South Korean firms especially Samsung Group for maintaining to be the largest foreign investor in Vietnam for the last many years.
He proposed the group to continue having practical assistance in training and technology transfer to create conditions for Vietnamese firms in support industry, especially small and medium sized ones to have opportunities to cooperate with the group and supply components and materials for Samsung projects.
Samsung has invested in Vietnam for ten years with the total capital of US$17 billion. It is expected to get an export value of $50 billion in 2017, accounting for over 20 percent of Vietnam’s export turnover.
The company has increased the number of Vietnamese firms attending its production chain to 29 companies at the end of this year. It is expected to reach 50 in the next three years.

By LAM NGUYEN – Translated by Hai Mien

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