Vice Chairman Lee Jae-yong of Samsung Electronics said on Oct. 30, "We will continue our long-term investment in Vietnam and expand our business." Meeting with Vietnamese Prime Minister Nguyen Xuan Phuc in Hanoi, Lee said, "Although Samsung invested in many countries, not many countries like Vietnam listen to and resolve corporate proposals."
"When I return to Korea, I will convene a staff meeting to review whether there are other areas that we can invest in Vietnam as the prime minister suggested. Samsung also has experience in the e-government field. We will support Vietnam," the government agency and local media quoted Lee as saying.
Lee also said, "Samsung is not only focusing on production investment but also promoting research and development in Vietnam and making efforts to work with Vietnamese companies in the fields of manpower and parts supply."
Meanwhile, the Vietnamese prime minister asked Samsung to continue expanding its business size and scope so that Vietnam can become not only the world`s largest production base but also the world`s largest strategic hub.
"We also request Samsung to continue supporting Vietnamese companies to create conditions that can participate in Samsung's parts supply chain and expand support industries as well as develop semiconductor fields, infrastructure, finance, and IT," said the prime minister.
He also added, "We will continue creating favorable conditions for Samsung's success in Vietnam."