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Samsung wants to be largest foreign investor in Viet Nam over next decades

VGP - Samsung has identified Viet Nam as an important global production hub and wishes to maintain its position as the largest foreign investor in Viet Nam over the next 20-30 years.

November 01, 2023 8:26 AM GMT+7
Samsung wants to maintain largest FDI investor position in Viet Nam  - Ảnh 1.

Prime Minister Pham Minh Chinh (R) hosts a reception for President and Chief Financial Officer of Samsung Electronics Company Park Hark Kyu, Ha Noi, October 31, 2023 - Photo: VGP

President and Chief Financial Officer of South Korean Samsung Group Park Hark Kyu made the above statement in his meeting with Prime Minister Pham Minh Chinh in Ha Noi on October 31.

Park spoke highly of Viet Nam's business environment and its effective assistance for the Korean business giant to weather difficulties and obstacles, expecting that Viet Nam will continue efforts to improve its business environment. 

He held high regard of the Vietnamese Government's leadership in maintaining high growth (around 5 percent) this year despite global headwinds.

Park affirmed that Samsung commits to working together with Viet Nam and doing its utmost to contribute to socio-economic development in the Southeast Asian country. 

The Prime Minister, for his side, congratulated Samsung on its business outcomes in Viet Nam over the recent nine months of the year, with its export turnover reaching US$42 billion, making sizable contributions to Viet Nam's trade value. 

Viet Nam always pays due attention to improving its investment and business environment, protecting the legitimate rights and interests of investors, and creating favorable conditions for foreign enterprises, including those from South Korea and Samsung to carry out investment activities in a sustainable, effective, and long-term fashion in the country, he underlined. 

Pham asked the Korean business giant to continue expanding investment high-tech and electronics domains, and other areas like digital transformation, green growth and circular economy, while helping Viet Nam in high-quality human resource training.

The Vietnamese leader expressed his hope that Samsung continues to consider Viet Nam as a strategic production and R&D hub./.