Vietnamese National Assembly Chairman Vương Đình Huệ (right) had talks with Park Hark Kyu, President and Chief Financial Officer of Samsung Electronics Co., Ltd., on Tuesday in Hà Nội. — VNA/VNS Photo Doãn Tấn

HÀ NỘI — Việt Nam has always paid attention to protecting legitimate interests of foreign investors, including Samsung, National Assembly (NA) Chairman Vương Đình Huệ told Park Hark Kyu, President and Chief Financial Officer of Samsung Electronics Co., Ltd., of the Republic of Korea (RoK).

During his reception for Park in Hà Nội on Tuesday, the top legislator highly valued the business results of Samsung's subordinate companies in Việt Nam, and congratulated its successes in the Southeast Asian nation.

He affirmed that the government and relevant agencies of Việt Nam have paid special heed to removing difficulties and obstacles, and considering proposals of Samsung through periods.

The NA Chairman spoke highly of Samsung’s investment and development of supporting industrial partners in its ecosystem in Việt Nam; and the establishment of a R&D centre in the capital city Hà Nội. He suggested the firm continue to invest and develop semiconductor technology in the country.

Huệ expressed his hope that Samsung will continue to pour long-term investment in the country, affirming that the Government of Việt Nam always focuses on improving the business and investment environment and enhancing competitiveness, and creates the most favourable conditions for investors to do business in Việt Nam.

Regarding the global minimum tax rate of the Organisation for Economic Cooperation and Development (OECD), Huệ affirmed that relevant agencies of Việt Nam have been proactively studying the issue, thus bringing it into the country's law, especially accelerating the revision of the Law on Corporate Income Tax. 

He emphasised a number of principles when completing the legal framework and reviewing additional incentives for investors, saying that Việt Nam must comply with OECD's global minimum tax commitment to ensure the publicity, transparency, and fairness.

For his part, Park said Samsung has overcome all difficulties since 2008, proving that with the active cooperation of Việt Nam, Samsung’s investment in the Southeast Asian nation was a sound decision.

The RoK firm’s export turnover reached about US$65 billion in 2022, and its accumulative investment in Việt Nam has amounted to $20 billion, he said.

Samsung has inaugurated its Research and Development Centre (R&D) worth $220 million in Việt Nam, Park said, adding that the firm will make every effort to develop it into a global development centre.

The Vietnamese NA and Government have built a good investment environment, and Samsung can continue to achieve successes through its long-term investment in Việt Nam, Park said.

Samsung will do its best to contribute as the largest and long-term investor in Việt Nam, he stressed. — VNS