Deputy PM Hue meets with Samsung Vietnam leader

Thursday, 2017-11-16 22:18:03
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Deputy PM Vuong Dinh Hue (R) receives General Director of Samsung Vietnam Shim Won-hwan in Hanoi on November 16. (Credit: VGP)
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NDO/VNA – Deputy Prime Minister Vuong Dinh Hue received General Director of Samsung Vietnam Shim Won-hwan in Hanoi on November 16, applauding the firm’s increase of locally made components in its products.

Briefing his host on the activities of the Republic of Korea (RoK)-invested Samsung Vietnam, Shim said the firm’s exports have reached US$44 billion and is expected to grow further to US$52-53 billion by the end of 2017. About 160,000 people are directly working at Samsung factories in Vietnam, and the figure that includes indirect workers is up to 180,000, excluding employees of the company’s suppliers.

The number of Vietnamese businesses directly supplying components for Samsung has risen from four in 2014 to 29 in 2017, and it aims to increase that number to 50 by 2020.

Samsung has devised a detailed training programme to turn Vietnamese firms into suppliers, he said, elaborating that it has organised workshops and support industry exhibitions to seek vendors, and has sent Korean experts to give advice and help improve potential businesses’ capacity.

The firm has paid attention to personnel training through providing training courses and sending skilled employees to the RoK for further training, the executive noted.

Voicing his delight at Samsung’s development in Vietnam, Deputy PM Hue said that with its projects in Bac Ninh and Thai Nguyen provinces and in Ho Chi Minh City, Samsung has become the biggest FDI investor in Vietnam with a total registered investment capital of US$17.3 billion.

He highly valued Samsung Vietnam’s moves to increase supplying companies, developing the local support industry and raising the rate of locally made components.

He asked Samsung to implement the research and development centre project in Vietnam soon, adding that the Vietnamese Government will actively support this project.

The Deputy PM also suggested that Samsung, a multi-sectoral and multi-national group, invest in other fields that it performs strongly in such as energy, seaport infrastructure, science-technology, and health care.

Hue hoped that Samsung will be a role model of successful foreign investment in Vietnam and an example of connecting local enterprises with foreign investors, thus having a positive influence on Vietnam’s support industry.