Vietnam wants to cooperate with Samsung in semiconductor development: official
Workers at Samsung Electronics in Bac Ninh province (Photo: VNA)
Vietnam hopes Samsung become a strategic investor in the context that the country is building a strategy to develop the semiconductor industry and promote innovation, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc has told General Director of Samsung Vietnam Choi Joo Ho.
At their recent meeting, Ngoc spoke highly of the Republic of Korean group’s projects in Vietnam as well as its contributions to local socio-economic development.
She proposed the group continue supporting Vietnam in improving the capacity of domestic businesses to be able to participate in its supply chain, and coordinate closely with her ministry to practically and effectively operate training centres located at the National Innovation Centre (NIC).
The Ministry of Planning and Investment will coordinate with relevant agencies to soon build policies in accordance with the international situation and regulations, as well as those of Vietnam to ensure the interests of all parties in the spirit of harmonising benefits and sharing risks, Ngoc said, stressing the Vietnamese Government’s commitment to create a more favourable and attractive business and investment environment for foreign investors.
Choi Joo Ho said that Samsung is continuously expanding its investment in Vietnam, with about 1.2 billion USD added last year. Samsung has focused on developing supporting industries, and will strengthen collaboration with the NIC to operate a lab for innovation and information technology, train technology talent, and support start-up businesses.
As of late 2023, Samsung had invested over 20 billion USD in Vietnam. At present, more than 50% of Samsung products sold around the world are made in Vietnam./.
Related News
Latest News
Vietnam Report announces top 500 most profitable enterprises
15:45 | 25/10/2024 Import-Export
Fruit and vegetable exports soar, nearing US$6 billion
14:19 | 25/10/2024 Import-Export
An export item to China accounts for more than 90%
14:17 | 25/10/2024 Import-Export
Vietnamese steel industry under pressure amid protectionism tension and dumping
14:48 | 24/10/2024 Import-Export
More News
Vietnamese goods enter US through global supply chain
14:47 | 24/10/2024 Import-Export
Vietnam's exports to Singapore maintain high growth
14:46 | 24/10/2024 Import-Export
Focus on sustainable development, greening the textile industry
15:11 | 23/10/2024 Import-Export
Seafood exports to boom in year-end despite headwinds: Experts
15:09 | 23/10/2024 Import-Export
Vietnam’s lobsters claw back prominence in China
15:08 | 23/10/2024 Import-Export
Over 9,000 foreign cars imported to Vietnam to in the first half of October
13:44 | 23/10/2024 Import-Export
Enterprises develop sustainably thanks to effective trade defense
13:43 | 23/10/2024 Import-Export
Green transformation - the challenge of businesses in sustainable development
14:08 | 22/10/2024 Import-Export
Trade ministry proposes helping SMEs move up global value chains
14:03 | 22/10/2024 Import-Export
Your care
Vietnam Report announces top 500 most profitable enterprises
15:45 | 25/10/2024 Import-Export
Fruit and vegetable exports soar, nearing US$6 billion
14:19 | 25/10/2024 Import-Export
An export item to China accounts for more than 90%
14:17 | 25/10/2024 Import-Export
Vietnamese steel industry under pressure amid protectionism tension and dumping
14:48 | 24/10/2024 Import-Export
Vietnamese goods enter US through global supply chain
14:47 | 24/10/2024 Import-Export