Samsung Electronics Vice Chairman Han Jong- hee said that he will raise investment capital in Vietnam to 20 billion USD, focusing on the field of artificial intelligence, big data...
This information was quoted by the Vietnam News Agency as saying Han Jong-hee, Vice President and General Director of Samsung Electronics at a meeting with President Nguyen Xuan Phuc on the morning of December 6 in Seoul, on the sidelines of the official visit to Korea from April 4. 6/12.
"Samsung has clear goals and will effectively implement projects in Vietnam. The group wants to invest in developing young and new human resources, promoting research on artificial intelligence, big data... ", said Mr. Han.
President Nguyen Xuan Phuc received Samsung Electronics Vice President and General Director - Mr. Han Jong-hee, on the sidelines of his official visit to Korea, on the morning of December 6, in Seoul. Photo: VNA
Currently, Samsung has invested about 18 billion USD in Vietnam. President Nguyen Xuan Phuc highly appreciated the expansion plan, raising capital to 20 billion USD and wished that the group would continue to invest in the fields of supporting industries and smart technology. This investment will help turn Vietnam into a production base, leading and catching new technology opportunities. On this occasion, he suggested Samsung to participate in the upcoming innovation exhibition in Vietnam.
Mr. Han Jong-hee also said that the group's new Research and Development Center in Vietnam has been completed and will soon come into operation, focusing on research on phones, computers, and network systems. In some upcoming big fairs, Samsung will exhibit leading high technologies and if there are partners, they will manufacture them in Vietnam.
Last year, Samsung Electronincs Vietnam's export turnover reached 65.5 billion USD, making an important contribution to Vietnam's economy and helping to turn Vietnam into a world smartphone manufacturing center.
Meeting with leaders of Hyosung Group, KDB Bank. President Nguyen Xuan Phuc expressed his hope that these businesses will step up investment and cooperate closely with Vietnamese businesses when the two countries' relations are upgraded to a comprehensive strategic partnership.
Mr. Cho Hyun Joon, Chairman of Hyosung, said that the group has invested in Vietnam with a total capital of nearly 3.5 billion USD in many localities, in the fields of apparel, industrial facilities... creating 10,000 employees. motion. He assessed that the promising investment areas in Vietnam are the environment, green growth and the desire to invest more in Vietnam.
Meanwhile, Mr. Kang Seoghoon, Chairman and CEO of KDB, said that the bank is researching, expanding and developing new business areas, financial products and services in Vietnam. South, such as developing green and sustainable finance, promoting the development of the green bond market...
On the same day, President Nguyen Xuan Phuc attended the Vietnam - Korea Business Forum. He shared with businesses of the two countries that Vietnam aspires to develop strongly until 2045.
Accordingly, Vietnam focuses on digital economic transformation, green growth, science and technology development, and innovation. to integrate deeply, participate more effectively in the global supply chain.
Vietnam moves to cooperate with high quality FDI sources; strongly invest in strategic infrastructure; improve the internal capacity and autonomy of the economy for deep integration.
Korea is one of Vietnam's leading important partners, ranking first in investment, second in ODA (after Japan) and third in trade (after China and the US). The registered FDI capital of Korean enterprises into Vietnam is about 80 billion USD; Trade turnover between Vietnam - Korea is currently 90 billion USD and will increase to 150 billion USD by 2030.
Deputy Prime Minister and Minister of Planning and Finance of Korea Choo Kyung-ho said that Korea is willing to share Sharing experience and technology with Vietnam in the fields of smart city, ICT, new renewable energy, environmental infrastructure...
With the development potential as well as the policy of attracting foreign investment of Vietnam, Mr. Cho commented, are the things that attract Korean investors more than ever.
Mr. Cho believes that the scale of bilateral trade can reach 100 billion USD by 2023 if "with the efforts of the governments and private sectors of the two countries".
According to Vnexpress.