Many large corporations have arrived in Vietnam, ready for large-scale projects.
Many large corporations, including those from the United States, want to invest in large-scale projects in Vietnam. The government is also working to build a mechanism to facilitate the attraction of investment in these projects.
 |
| Samsung is an investor with a “tradition” of quickly and seriously fulfilling its commitments to Vietnam. Photo: Duc Thanh |
Samsung boost
Samsung Display will invest $1.8 billion in Bac Ninh in the near future. This plan would have been announced earlier if the Bac Ninh Provincial Planning and Investment Promotion Conference had not been delayed due to the impact of Typhoon Yagi.
However, when the Conference is held again, Samsung Display will sign a memorandum of understanding with the People's Committee of Bac Ninh province on investing in this project in Yen Phong Industrial Park, where Samsung Display has a factory specializing in manufacturing high-end OLED screen products with outstanding features.
This investment contributes to raising Samsung's total investment capital in Vietnam to 24.2 billion USD, which is 36 times higher than the initial investment of 670 million USD of Samsung Electronics Vietnam (SEV) Factory in Bac Ninh in 2008.
Thus, once again, Samsung kept its promise to the Vietnamese Government. In early July 2024, during his visit to Korea, Prime Minister Pham Minh Chinh received Samsung Group Chairman Lee Jae Yong. At this meeting, Chairman Lee Jae Yong said that 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.
And now, this plan is soon to be realized by Samsung. With an investment of up to 8.3 billion USD, Samsung Display will become Samsung's largest screen manufacturing facility in the world. That means, Vietnam is not only a base for manufacturing mobile devices, a base for research and development (R&D), but also a base for manufacturing new generation screens.
Samsung’s moves show that Vietnam has been and continues to be the top investment destination for “big guys”. And in fact, not only Samsung, recently, many large corporations and companies around the world, including those from the United States, are also planning large investments in Vietnam. SpaceX, Marvell, Amkor, Lam Research, Google, Apple… are typical examples.
Among them, semiconductor giant Lam Research is looking to develop a factory and supply chain in Vietnam with an investment capital of about 1-2 billion USD in phase I. Amkor has also just increased its capital by 1.07 billion USD to bring its total investment capital to 1.6 billion USD. It is expected that Bac Ninh will also officially grant Amkor an adjusted investment registration certificate at the Conference to announce the Provincial Planning and promote investment...
Ready for the "landing" of the eagles
There is more and more positive information about the "landing" of eagles in Vietnam in the near future. Just a few days ago, The Trump Organization (USA) came to Hung Yen to seek investment opportunities. The Trump Organization's desire is to develop projects in the fields of hotels, golf courses and entertainment complexes in this province.
Starting to invest in Bac Ninh in 2014, with the initial project scale of only 1 billion USD, Samsung Display – to meet market demand – has continuously increased its investment capital. The current figure is 6.5 billion USD. If the plan to invest an additional 1.8 billion USD is quickly implemented, which is almost certain, because Samsung is an investor with a “tradition” of implementing its commitments to Vietnam very quickly and seriously, then Samsung Display’s total investment capital in Vietnam will increase to 8.3 billion USD. 
The detailed plan has not been disclosed, but information shows that Hung Yen Provincial Party Secretary Nguyen Huu Nghia strongly supports this plan. According to Mr. Nghia, Hung Yen will create favorable conditions within the legal framework for The Trump Organization to come to learn and promote investment cooperation.
Meanwhile, Hanoi is also supporting another US corporation, Rosen Partners LLC, to build an amusement park modeled after Disneyland in Gia Lam and Long Bien districts (Hanoi), with a scale of about 140 hectares.
Late last year, when meeting with Vietnamese government leaders, Mr. Daniel Rosen, CEO of Rosen Partner LLC, said that Vietnam is "a very potential investment market" and "has great opportunities".
It is not yet known how far these plans will be realized, but the concern is real. And certainly not only with the United States, economic cooperation and investment opportunities with traditional partners such as South Korea, Taiwan, Japan, etc. will also continue to be promoted in the coming time, opening up opportunities for Vietnam to welcome eagles to nest.
To welcome the eagles, recent positive information shows that Vietnam is making efforts to reform its institutions to increase competitiveness and create a favorable investment and business environment. One of these is the completion and early establishment of the Investment Support Fund, with many attractive and outstanding incentive policies.
It is expected that today (September 20), the Government will continue to hold a meeting to discuss this content. In another move, the Ministry of Planning and Investment, when drafting the Law amending and supplementing a number of articles of the Law on Planning, the Law on Investment, the Law on Investment under the Public-Private Partnership (PPP) method and the Law on Bidding, has also added provisions on the establishment of an Investment Support Fund from the state budget and other legal sources of revenue, in order to attract strategic investors, multinational corporations, as well as support domestic enterprises in a number of investment incentive sectors.
Regarding attracting “big players”, the Draft Law adds regulations on special investment procedures. This regulation is designed to shorten the time for procedures for large-scale projects and strategic investors in areas where investment is encouraged, especially in the high-tech sector.
With these moves, it is expected that in the near future, there will be more "big guys" coming to Vietnam.
![[Photo] Prime Minister Pham Minh Chinh chairs Government Conference with localities on economic growth](https://vstatic.vietnam.vn/vietnam/resource/IMAGE/2025/2/21/f34583484f2643a2a2b72168a0d64baa)
Comment (0)