Prime Minister Pham Minh Chinh (right) meets with General Director of Samsung Viet Nam Choi Joo Ho in Hanoi on February 12. (Photo: VNA)
Prime Minister Pham Minh Chinh host a reception for General Director of Samsung Viet Nam Choi Joo Ho and his successor Na Ki Hong in Hanoi on February 12.
During the reception, PM Chinh thanked Choi for his contributions to the development of Samsung Viet Nam and the relationship between Viet Nam and the Republic of Korea (RoK). He called on Na to continue effectively implementing Samsung's investment strategies and plans in Viet Nam.
For their part, Choi and Na affirmed that Samsung is currently the largest foreign direct investor in Viet Nam, with a total registered investment capital of 23.2 billion USD. In 2024, its revenue and export value reached 62.5 billion USD and 54.4 billion USD, respectively.
Since 2014, the group has increased the number of Vietnamese suppliers to 306 companies. Additionally, Samsung Viet Nam has carried out numerous projects to support hundreds of Vietnamese supporting industry enterprises in business improvements, smart factory development, and training consultants and mold experts.
They thanked the Vietnamese Government, particularly the PM, for paying attention to and facilitating Samsung's investment, production and business in Viet Nam.
In addition to traditional investment areas, Samsung will expand investment in new fields such as artificial intelligence, and actively participate in Viet Nam's digital transformation process, they said.
They urged the PM and relevant ministries and sectors to continue supporting the group's business and investment activities in Viet Nam.
Hailing the efforts, determination, and business results of the Samsung Group as well as the effective support of General Director Choi during his two terms in Viet Nam, PM Chinh said he hopes Choi, in any positions, will continue to make contributions to the development of Samsung Viet Nam and Viet Nam's growth, and foster the Viet Nam-RoK relations.
The PM affirmed that the Vietnamese Government will continue to accompany and create favourable conditions for the group to operate sustainably and successfully in Viet Nam on the basis of the growing comprehensive strategic partnership between the two countries.
He asked Samsung to support Viet Nam in enhancing local enterprises' capacity so they can participate more effectively in the group's global production and supply chains, while boosting cooperation to make Viet Nam's digital technology companies be partners in Samsung's ecosystem.
He urged Samsung to closely coordinate with Vietnamese ministries and agencies to effectively implement training centres established at the National Innovation Centre (NIC) in Viet Nam, increase investments and expand research and development (R&D) centres, support startup and innovation activities in Viet Nam, maintain its leading position as a strategic investor, and promote the development of supporting industries, science, technology, innovation, and digital transformation in Viet Nam.
Viet Nam continues to improve its investment environment and push for three strategic breakthroughs, aiming for an 8% growth rate in 2025 and double-digit growth in the near future, he said, expressing his hope for Samsung's corresponding growth, entering a new era alongside Viet Nam./.
Source: VNA
