PM backs Samsung group’s expansion in Vietnam
Prime Minister Nguyen Xuan Phuc has said he supports Samsung group’s further expansion of investment in Vietnam to other fields besides electronics, suggesting such industries as energy, sea port, health care, infrastructure and science-technology.
During a reception for Samsung group’s President and CEO Shin Jong Kyun in Hanoi on May 4, the PM noted that Samsung is the biggest single foreign investor in Vietnam with six projects valued at US$14.86 billion. The group’s projects have contributed significantly to Vietnam’s import-export turnover while creating jobs for more than 130,000 local workers.
He said Samsung’s substantial and long-term investments in Vietnam are evidence of the Southeast Asian country’s attractiveness to foreign investors. |
PM Phuc took the occasion to ask Samsung group to assist with training and technology transfer to Vietnamese enterprises operating in the support industry, thus giving chances to those enterprises, particularly small- and medium-sized ones to become suppliers of materials and parts for the group’s projects.
Shin Jong Kyun informed his host of the group’s business outcomes in Vietnam, with good pace of capital disbursement of its projects in the northern provinces of Bac Ninh and Thai Nguyen.
Samsung will seriously abide to Vietnam’s laws on investment, business and social security for labourers, he said.
