Samsung Electronics Vietnam celebrates its 10th anniversary

Deputy Prime Minister and Foreign Minister Pham Binh Minh offers certificate of merit to a representative of Sam Sung Vietnam 

Speaking at the event, Deputy Prime Minister and Foreign Minister Pham Binh Minh congratulated Samsung Group on their business results in Vietnam.

In 2008, Samsung Group officially received an investment license and started the construction of a mobile phone factory in Yen Phong Industrial Park, with a total registered capital of USD670 million.

After 10 years of operations, Samsung is the largest foreign investor in Vietnam with a total investment of more than USD17.3 billion, of which two plants in Bac Ninh and Thai Nguyen are among Samsung's largest ones worldwide.

The Deputy PM suggested that Korean businesses should transfer technology, pay attention to and ensure interests of workers, while supporting Vietnamese enterprises to become partners in the global value chain and raise the localisation rate.

Samsung has so far poured investment in six projects worth over USD17.3 billion in Vietnam. In 2017, Samsung Vietnam earned a revenue of nearly USD64 billion, with export value hitting USD54 billion or 25.4% of Vietnam’s total export value./.