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PM backs Samsung group’s expansion in Việt Nam

Update: May, 05/2016 - 09:00
Prime Minister Nguyễn Xuân Phúc (right) receives Samsung group’s President and CEO Shin Jong Kyun in Hà Nội yesterday. — VNA/VNS Photo Thống Nhất
Viet Nam News

HÀ NỘI —  Prime Minister Nguyễn Xuân Phúc has said he supported Samsung group’s further expansion of investment in Việt Nam to other fields besides electronics, suggesting such industries as energy, sea ports, health care, infrastructure, science and technology. 
During a reception for Samsung group’s President and CEO Shin Jong Kyun in Hà Nội yesterday, the PM noted that Samsung was the biggest single foreign investor in Việt Nam with six projects valued at US$14.86 billion. The group’s projects have contributed significantly to Việt Nam’s import-export turnover while creating jobs for more than 130,000 local workers. 
He said Samsung’s substantial and long-term investments in Việt Nam were evidence of the Southeast Asian country’s attractiveness to foreign investors. 
“The Vietnamese government will create favourable conditions for Samsung’s investment and business activities so that the group will reap more success,” he said. 
Phúc took the occasion to ask the Samsung group to assist with training and technology transfer to Vietnamese enterprises operating in the support industries, thus giving chances to those enterprises, particularly small- and medium-sized ones, to become suppliers of materials and parts for the group’s projects. 
Shin Jong Kyun informed his host of the group’s business outcomes in Việt Nam, with a good pace of capital disbursement at its projects in the northern provinces of Bắc Ninh and Thái Nguyên. 
Samsung would seriously abide by Việt Nam’s laws on investment, business and social security for labourers, he said. — VNS

 

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