|Prime Minister Nguyen Xuan Phuc receives Samsung Vietnam General Director Choi Joo Ho in Hanoi on August 11
Receiving Samsung Vietnam General Director Choi Joo Ho in Hanoi on August 11, PM Phuc spoke highly of Samsung’s efforts to fulfil its commitments in Vietnam, including building a large research and development centre in Hanoi. The centre, considered the largest of its kind in Southeast Asia, has a total investment of approximately US$220 million.
He welcomed Samsung Vietnam’s commitment to meeting its annual goal set for 2020 despite the impact of the COVID-19 pandemic, contributing to implementing Vietnam’s dual goal of epidemic prevention and economic recovery.
The PM expressed his wish that Samsung will continue to consider Vietnam a strategic production base in the world, particularly after the Southeast Asian nation signed the the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union - Vietnam Free Trade Agreement (EVFTA), and pledged to support the firm’s projects in Vietnam.
The Government of Vietnam encourages and prioritizes projects using advanced technology, as well as projects on technology transfer and with high added value, connecting global production and supply chains, said the PM.
Choi, for his part, appreciated measures Vietnam has taken to cushion the impact of the COVID-19 pandemic, helping businesses, including Samsung, weather the crisis and maintain production and exports.
Introducing the firm’s long-term business plan in Vietnam, the RoK executive expressed his wish that the government, ministries and localities of Vietnam will provide further support for Samsung Vietnam’s operation, contributing to spuring Vietnam’s economic growth.
Samsung has so far developed plants in Bac Ninh, Thai Nguyen and Ho Chi Minh City with a total investment of more than US$17.3 billion.