Samsung urged to expand investment in Vietnam
Hanoi, August 27 (VNA) – Prime Minister Pham Minh Chinh on August 26 called on Samsung Group from the Republic of Korea (RoK) to continue to expand investment in Vietnam, especially in the fields of high technology and research and development (R&D).
Speaking at a meeting with acting head of Samsung Electronics' Device Experience Division Roh Tae Moon in Hanoi, PM Chinh said that on the principle of “mutual benefit, harmonised risks and shared gains,” it is hoped that Samsung will remain a trusted partner of Vietnam in economic and technological development.
He encouraged the group to expand investment in high technology, research and development, semiconductors, and digital transformation; to help develop IT infrastructure and train high-quality human resources for Vietnam; to increase technology transfer and localisation; and to consider appointing Vietnamese to senior management positions in Samsung Vietnam.
Welcoming Roh and his colleagues, the PM expressed delight at the positive outcomes of Party General Secretary To Lam’s recent state visit to the RoK, during which many important agreements were reached and are now being actively implemented by both sides.
He stressed that Vietnam and the RoK enjoy long-standing ties. The large Vietnamese community in the RoK and the Korean community in Vietnam, along with many multicultural families, have helped strengthen bilateral friendship. This, he said, provides a strong foundation for businesses of both countries to expand cooperation and investment.
PM Chinh applauded the efforts, determination and business results of Samsung Group in general and Samsung Vietnam in particular, which have contributed to the country's socio-economic development, as well as to the cooperation and friendship between the two countries.
For his part, Roh thanked the Vietnamese leader for the warm welcome, noting that his visit coincided with the 80th National Day anniversaries of both Vietnam and the RoK.
He said Samsung’s total investment in Vietnam had reached 23.2 billion USD by 2024, covering multiple areas including electronics, display, and electrical devices, with plans for further expansion.
By the end of June 2025, Samsung’s mobile phone factories in Bac Ninh and Thai Nguyen provinces had produced 2 billion handsets since operations began in April 2009. In the first six months of this year, Samsung Vietnam recorded 31.8 billion USD in revenue, including 28 billion USD in exports. Its latest flagship, the Galaxy Z Fold 7, produced in Vietnam and launched in July, has received strong response globally, particularly in the US and Europe.
Roh expressed deep gratitude for the consistent support from the Vietnamese Government and local authorities. He praised the dedication of 90,000 Vietnamese employees working at Samsung and reaffirmed the company’s long-term commitment to accompanying Vietnam in its development journey.
Since 2015, Samsung has carried out a range of initiatives to aid Vietnam’s supporting industries. In early 2025, Samsung Vietnam and its parent group set up a rapid response team to strengthen supplier search and evaluation, while offering smart factory consulting to help potential partners improve competitiveness and develop production experts.
At the meeting, PM Chinh also signed a commemorative plaque marking Samsung’s 2 billionth mobile phone produced in Vietnam./.
