Samsung Electronics has committed to increasing its annual investment in Vietnam to $1 billion, recognizing the country's growing importance as a strategic manufacturing hub in Southeast Asia. During a meeting with Vietnamese Prime Minister Pham Minh Chinh, Samsung's Chief Financial Officer Park Hark-kyu revealed plans to boost the company's annual investment in Vietnam, highlighting the significant $22.4 billion already invested in the country. Samsung's operations in Vietnam have expanded beyond manufacturing to include research and development facilities, with a focus on integrating local firms into its global production and supply chain network. In response, the Vietnamese Prime Minister assured Samsung of the government's ongoing support and commitment to creating favorable conditions for the company's business operations and sustainable development. Emphasizing Vietnam's membership in key trade initiatives, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and Regional Comprehensive Economic Partnership, the Prime Minister urged Samsung to continue considering Vietnam as a strategic base for manufacturing and exporting its products to international markets. Additionally, Samsung was encouraged to enhance cooperation with Vietnamese tech companies, support startup initiatives, and contribute to manpower training in the country. Meanwhile, Hyosung, the third largest Korean investor in Vietnam, disclosed plans to establish a data center and manufacturing facilities in southern Vietnam, reinforcing the growing partnership between South Korean companies and Vietnam's industrial landscape.