On the morning of July 2, during his official visit to Korea, Prime Minister Pham Minh Chinh received Mr. Lee Jae Yong, Chairman of Samsung Group.

Vietnam's development is Samsung's development.

Samsung Chairman thanked Vietnam for its effective support and assistance to the group, especially during the Covid-19 period, which helped Samsung overcome difficulties and challenges.

In the policies being prepared for issuance, the Vietnamese Government continues to support investors in priority areas.

According to Mr. Lee Jae Yong, over the past 16 years, the cooperative relationship between Samsung and Vietnam has developed brilliantly, accompanying Vietnam's development.

"Vietnam's success is Samsung's success, Vietnam's development is Samsung's development," Samsung's Chairman emphasized.

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Prime Minister Pham Minh Chinh received Mr. Lee Jae Yong, Chairman of Samsung Group. Photo: Nhat Bac

Currently, 310 companies in Vietnam are partners in Samsung's production chain; there are 2,500 engineers and researchers at Samsung's Research and Development (R&D) Center in Hanoi, which includes a department that researches artificial intelligence in languages ​​other than Vietnamese. Samsung is also researching and developing 5G equipment.

As the largest foreign investor and largest exporter in Vietnam, Samsung is committed to always accompanying Vietnam in sustainable development in the spirit of "harmonious benefits and shared risks" that Prime Minister Pham Minh Chinh has mentioned many times.

In particular, Samsung plans to invest heavily in the next 3 years to make the factory in Vietnam the group's largest display module production base globally.

Need Vietnamese to join Samsung Vietnam's board of directors

Prime Minister Pham Minh Chinh highly appreciated the results of Samsung Group in the process of investing and doing business in Vietnam. Thereby, the Group has actively contributed to the development of products applying modern technology, Vietnam's import and export and socio-economic development.

The head of the Vietnamese Government pointed out 6 outstanding "achievements" in the cooperation between Vietnam and Samsung over the past year. In particular, the two sides accelerated Samsung's recovery process after the Covid-19 pandemic; together moving towards a better future, focusing on research, development and emerging industries such as semiconductor chips, artificial intelligence, etc.

The Prime Minister welcomed Samsung's cooperation intentions in the coming time with new products and new results, especially creating breakthroughs in cooperation in the fields of digital economy, green economy, and circular economy.

The Prime Minister hopes that Samsung will continue to expand investment, expand markets, diversify supply chains and linkage chains, consider Vietnam as a strategic production base, research and development, and manufacture key products for the international market.

Vietnam is continuing to negotiate free trade agreements, expanding new export markets such as the Middle East, South America, Africa, which will also help Samsung products expand their markets.

The Prime Minister asked Samsung to increase the localization rate and support Vietnam in further improving the capacity of domestic enterprises so that they can participate more effectively in the group's value chain.

Samsung needs to promote cooperation to bring digital technology enterprises and Vietnamese partners into Samsung's ecosystem to research and develop new breakthrough products.

The Prime Minister also proposed promoting the activities of Samsung's R&D Center in Hanoi; supporting the training of high-quality human resources in emerging fields, and supporting Vietnam in promoting innovation, startups, research, and application of science and technology.

Reiterating his wish to have Vietnamese people join the leadership of Samsung Vietnam in the near future, the Prime Minister affirmed that if Korean management technology is combined with Vietnamese intelligence, success will certainly be achieved.

The Prime Minister affirmed that the Vietnamese Government always supports, accompanies and creates favorable conditions for the group to carry out effective, successful and sustainable investment and business activities in Vietnam. Ministers will be responsible for implementing the agreements between Vietnam and Samsung.

The Prime Minister expressed his hope to welcome the Chairman of Samsung Group in Hanoi with new products, new results and Samsung's rapid development in Vietnam.

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