PM speaks highly of Samsung’s investment in Vietnam
Prime Minister Nguyen Xuan Phuc visited Samsung Electronics Vietnam Thai Nguyen (SEVT) during his working trip to the northern province of Thai Nguyen on July 26.
Prime Minister Nguyen Xuan Phuc (M) visits Samsung Electronics Vietnam Thai Nguyen (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc visited SamsungElectronics Vietnam Thai Nguyen (SEVT) during his working trip to the northern provinceof Thai Nguyen on July 26.
The PM appreciated Samsung’s investment in Vietnam with its high committedcapital and disbursement ratio. He especially praised the technology’scommitment to exporting 50 billion USD worth of products this year.
He said that he is impressed with Samsung’s operation in Vietnam, which focuseson not only research and development (R&D) but also manufacturing andassembly. He hailed the firm for improving the living conditions for employees andworkers and reaching a localisation rate of 57 percent for their products.
The Government leader thanked the group for its contributions to Vietnam’s development,asking it to remain a role model in doing long-term business in the country.
Samsung was also urged to pay more attention to the living conditions ofworkers and environmental protection while setting an example for otherbusinesses.
The PM also asked the group, as the biggest foreign-invested company inVietnam, to create favourable conditions for local businesses to developsupport industries and provide necessary services.
Since it started operating in 2014, SEVT has increased its capital and revenueby 250 times to 5 billion USD and 20.4 billion USD.
IT is a member of Samsung Electronics Vietnam, which contributed 20 percent ofthe country’s exports in 2016 (39.9 billion USD).
Samsung Vietnam targets an export turnover of 50 billion USD and a localisationrate of 57 percent for its products, which are supplied by 215 Vietnamesecompanies.-VNA
The Republic of Korea-based Samsung Fire & Marine Insurance (SFMI) signed agreements to become a strategic investor of Petrolimex Joint Stock Insurance Company (PJICO) and to acquire 20 percent stake in the Vietnamese insurer in Hanoi on May 5.
Foreign-invested enterprises, including Samsung Complex Vietnam (Samsung Vietnam) of the Republic of Korea (RoK), are an important component of Vietnam’s economy, Prime Minister Nguyen Xuan Phuc told Han Myoung-Sup, General Director of Samsung Vietnam at a meeting in Hanoi on May 16.
Vietnam News and the Maeil Business speak to Prime Minister Nguyen Xuan Phuc about Vietnam-RoK ties, opportunities to tap new trade, investment cooperation and trends in trade liberalisation.
HCM City is ready to work with Samsung in boosting local enterprises, helping them qualify for the group’s global supply chain, said Secretary of the municipal Party Committee Nguyen Thien Nhan.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
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.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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.
Prime Minister Nguyen Xuan Phuc (M) visits Samsung Electronics Vietnam Thai Nguyen (Photo: VNA) 
