Deputy Prime Minister Tran Luu Quang (R) and General Director of Samsung Vietnam Choi Joo Ho. (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Tran Luu Quang received GeneralDirector of Samsung Vietnam Choi Joo Ho in Hanoi on March 4.
Speaking highly of Samsung’s investment that has contributed to Vietnam’simport-export revenue as well as economic development, Quang affirmed that theVietnamese Government has paid due attention to improving the domestic business climate to facilitateforeign enterprises’ long-term production and business in the country.
He highly evaluated Vietnamese engineers working at Samsung R&DCentre, asking Samsung, with its considerable experience and capacity, will continuecooperation with the Vietnam National Innovation Centre (NIC) and help Vietnam realiseits set goals of training 50,000 semiconductor engineers by 2030.
Choi, meanwhile, said Samsung invested an additional 1.2 billion USD in 2023,increasing its total investment in Vietnam to 22.4 billion USD, and the group willcontinue funneling 1 billion USD into the country each year.
There are 2,400 engineers working at the Samsung R&D Centre, with Vietnamese engineers playing a key role in studying the application of the AI into the Galaxy S24line of phones, he said, highlighting Samsung will continue studying thepossibility to expand cooperation with the NIC and support Vietnam to trainsemiconductor human resources.
He affirmed that Vietnam’s development is also Samsung’s development, and the group's development will contribute to the country’s socio-economic development.
Regarding the cooperation with the NIC, Samsung and the innovationcentre last year signed a Memorandum of Understanding on implementing developmentactivities for Vietnam’s young generation who will lead the success of theFourth Industrial Revolution.
✤ The Republic of Korea-based group had also entered a cooperation documentwith the Vietnam National University, Hanoi on providing training forsome 40 excellent students of the university in four years to become future leaders of thesemiconductor industry./.
Vietnam is making strong progress in advancing its standing in the global semiconductor supply chain as many of the world’s largest chip manufacturers have landed in the Southeast Asian nation, insiders said.
Projects implemented by the Samsung Group of the Republic of Korea (RoK) in Vietnam have contributed to shifting economic structure, promoting exports, developing supporting industry, and generating jobs in the country, National Assembly (NA) Chairman Vuong Dinh Hue told Chief Financial Officer (CFO) of Samsung Park Hark Kyu in a meeting on November 1.
Vietnam hopes Samsung become a strategic investor in the context that the country is building a strategy to develop the semiconductor industry and promote innovation, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc has told General Director of Samsung Vietnam Choi Joo Ho.
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In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Deputy Prime Minister Tran Luu Quang (R) and General Director of Samsung Vietnam Choi Joo Ho. (Photo: VNA) 
