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Samsung contributes significantly to Việt Nam’s economy: PM Phúc

Update: May, 17/2017 - 10:23
Prime Minister Nguyễn Xuân Phúc receives Han Myoung-Sup, General Director of Samsung Vietnam at a meeting in Hà Nội yesterday.— VNA/VNS Photo Thống Nhất

HÀ NỘI — Foreign-invested enterprises, including Samsung Complex Vietnam (Samsung Vietnam) of the Republic of Korea (RoK), are an important component of Việt Nam’s economy, Prime Minister Nguyễn Xuân Phúc told Han Myoung-Sup, General Director of Samsung Vietnam at a meeting in Hà Nội yesterday.

PM Phúc highlighted Samsung’s significant contributions to Việt Nam’s export turnover and job generation.

Applauding Samsung’s investment expansion in the country, the leader suggested the group support Việt Nam in training and technology transfer, thus enabling local support industry firms--especially small and medium-sized ones--to enhance links and join the supply of materials and components, tourism service and other services for Samsung.

He asked the group to accelerate the implementation of the Samsung Research and Development (R&D) centre in line with pledged progress in order to help promote R&D activities in electricity and electronics in Việt Nam.

Việt Nam would continue supporting Samsung’s investment expansion in the country, thus maintaining and boosting the export of Samsung’s products manufactured in Việt Nam, Phúc affirmed. He called on the group to make more efforts toward its stable and constant contribution to the country’s economic development.

For his part, Han Myoung-Sup briefed the host on Samsung’s recent developments in Việt Nam, saying that the firm’s export and revenue recovered in the first months of this year after the Galaxy Note 7 incident. Its export was expected to hit US$11 billion in the second quarter.

Samsung Display Vietnam (SDV), a subsidiary of Samsung Vietnam with a total investment of $6.5 billion, was striving to expand its investment, he said.

Samsung Vietnam is set to rake in $60 billion in revenue and $50 billion in export turnover in 2017, he noted.

According to the general director, as many as 107,000 Vietnamese are working at Samsung Vietnam factories. The group plans to recruit more local workers to serve its future production expansion schemes.

He said he hoped that the Vietnamese Government, ministries and sectors would create favourable conditions for Samsung Vietnam in general and SDV in particular to effectively operate in the country.— VNS


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