Thursday, July 18 2019

VietNamNews

Hà Nội to facilitate construction of Samsung R&D centre

Update: April, 24/2019 - 14:51

 

Chairman of the Hà Nội People’s Committee Nguyễn Đức Chung (right) and General Director of Samsung Vietnam Choi Joo-ho. — VNA/VNS Photo

HÀ NỘI – Hà Nội will create optimal conditions for Samsung Vietnam to build a new research and development (R&D) centre, Chairman of the municipal People’s Committee Nguyễn Đức Chung has said.

Chung made the pledge while receiving General Director of Samsung Vietnam Choi Joo-ho in Ha Noi on Tuesday.

He noted that municipal authorities granted a licence for the project previously, but had agreed with Samsung Vietnam’s proposal to build the centre at a new location, Chung said.

The chairman voiced his hope Samsung will accelerate the project to promptly start construction.

For his part, Choi Joo-ho said after a delay, the project to build the R&D centre has been resumed. 

The centre will cover about 11,600sq.m in Hà Nội’s Tây Hồ Tây (West Lake) urban area. 

Choi said it will specialise in mobile phones and network devices, and is expected to take the lead in Samsung’s 5G technology development, contributing to the building of smart factories in Việt Nam.

The centre will also strengthen the position of Việt Nam as Samsung’s strategic hub in the region, and serve as a headquarters of Samsung in Việt Nam, he said.

Samsung currently boasts six factories in Việt Nam, along with a research centre in Hà Nội. In 2018, Samsung Vietnam posted export revenues of US$60 billion, accounting for 25 per cent of Việt Nam’s total export value. — VNS

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