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Prime Minister Nguyen Xuan Phuc (R) receives Vice Chairman of Samsung
Group Lee Jae-yong in Hanoi on October 30 (Photo: VNA)
The host leader highly valued Samsung’s investment accomplishments in the
country, stressing that the Vietnamese Government, ministries, and localities
will continue to create the best possible conditions for the firm to do business
successfully here.
He noted that the Government has kept a close watch on and listened to opinions
of foreign investors, including Samsung, to support their investments and
business in Vietnam.
Aside from the call for investment expansion, PM Phuc also asked the group to
step up the development of the semiconductor sector, infrastructure, finance,
and information technology, while continuing to assist Vietnam in expanding its
supporting industry and create conditions for local businesses to join Samsung’s
supply chain.
He also asked Samsung to assist the country in building its e-government and
soon implement some of its large thermal power projects, affirming that the
Vietnamese Government will remain a companion to the firm on the path to further
victory.
As the National Assembly of Vietnam is soon to finish ratifying the
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP),
Samsung will gain access to a variety of favourable conditions to increase
investment in Vietnam since the deal will open up major chances for exporting
products to other countries.
For his part, Lee appreciated the Vietnamese Government’s support for Samsung,
noting that the group is already making considerable efforts to help with human
resource development in the country.
Expanding investment and raising the proportion of locally-made components in
its products are the wishes of Samsung, he said, adding that it is also
enhancing research and development activities in Vietnam.
Samsung is working hard to further cooperate with Vietnamese businesses in spare
parts and human resources. It is also experienced in Industry 4.0 technology and
e-governments, so the group is willing to assist the country in these fields,
the executive noted.
Source: VNA
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