Samsung Electronics CEO Roh Tae Moon announced this information during a meeting with Prime Minister Le Minh Hung on 27/8.
According to Mr. Roh, Samsung's two mobile phone manufacturing entities in Bac Ninh and Thai Nguyen achieved the 500 billion USD cumulative export milestone by the end of june. This achievement comes 17 years after the company began phone production in Vietnam in 4/2009.
Samsung is currently one of the largest foreign investors in Vietnam. The company's investment activities in Vietnam show steady growth. By the end of last year, Samsung's cumulative investment in Vietnam reached 24 billion USD.
Mr. Roh stated that the Galaxy Fold 8 phone series, launched in early august, is receiving positive reception from the global market. Samsung anticipates maintaining double-digit growth until the end of the year.
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Mr. Roh Tae Moon, CEO of Samsung Electronics, at a meeting with Prime Minister Le Minh Hung on 27/8. Photo: VGP |
During the meeting, Prime Minister Le Minh Hung recognized Vietnam as a vital manufacturing base in Samsung's global value chain. However, he urged the group to transform Vietnam from a "production hub" into a "technology, research and development, and innovation hub."
The Prime Minister noted that Vietnam is redirecting its foreign investment attraction strategy, prioritizing high-tech projects with high added value and the ability to link with and spread to domestic businesses. Vietnam aims to increase cooperation with South Korea in areas such as: semiconductors, artificial intelligence (AI), data centers, research and development (R&D), innovation, and digital transformation.
Consequently, he requested Samsung expand its factories and production capacity, increase R&D investment, and collaborate with research institutes and universities to train engineers and specialists. The Prime Minister also expressed a desire for Samsung to develop more Vietnamese suppliers, helping domestic businesses meet the standards required to join the group's production chain in Vietnam, South Korea, and international markets.
Mr. Roh affirmed that Samsung views Vietnam not merely as a production base but as a strategic partner in high-tech research and development. The group plans to continue expanding R&D investment and supporting high-tech human resource training in Vietnam.
The Samsung R&D Center in Hanoi will also expand its cooperation with universities, increasing resources for human resource training and enhancing technological capabilities. Samsung stated it will continue to coordinate with the Ministry of Industry and Trade to implement programs supporting Vietnamese businesses to participate deeper in the group's global supply chain.
Phuong Dung
