Wednesday, November 22 2017

VietNamNews

PM pledges optimal conditions for Samsung

Update: October, 07/2017 - 10:00
Prime Minister Nguyễn Xuân Phúc (R) receives Shin Jong-kyun, President and CEO of the Republic of Korea (RoK)’s Samsung Electronics in Hà Nội yesterday. — VNA/VNS Photo Thống Nhất

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has vowed that Việt Nam always supports and creates optimal conditions for foreign investors, including Samsung, to run their businesses in Việt Nam. 
At a reception in Hà Nội yesterday for Shin Jong-kyun, President and CEO of the Republic of Korea (RoK)’s Samsung Electronics, the PM lauded the company for being the largest investor in Việt Nam. 
He said that co-operation between Việt Nam and the RoK had grown fruitfully in all fields. This year, the two countries celebrated the 25th anniversary of diplomatic ties, he noted. 
He expressed his hope that Samsung would continue expanding its business in Việt Nam, not only in electronics but other fields of the firm’s strength. 
He suggested the firm continue assisting Việt Nam in human resources training and technology transfer, thus creating opportunities for local support industry businesses, especially small and medium-sized ones. 
The Government leader asked Samsung to launch its Centre for Research and Development on schedule. 
For his part, Shin Jong-kyun said that after its decade-long presence in Việt Nam, Samsung’s investment had mounted to US$17 billion. He revealed that Samsung planned to export over $50 billion worth of products in 2017, accounting for 20 per cent of Việt Nam’s total export value. The two Việt Nam-based factories were the largest and most modern of the firm so far, he said. 
He voiced his hope to continue receiving support from the Government and PM of Việt Nam in order to make more contributions to the country’s development. 
Shin said that the company had paid great attention to the training of Vietnamese staff, while increasing the number of Vietnamese firms joining its supply chain to 29 by the end of this year. In the next three years, the figure is expected to reach 50, he said, adding that Samsung is interested in the telecommunication sector of Việt Nam. — VNS

 

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