Samsung to boost display investments in Vietnam


Samsung Electronics Chairman Lee Jae-yong has reaffirmed the company's commitment to increasing investment in Vietnam during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Seoul. Lee pledged substantial investment to establish Samsung's largest display module production base in Vietnam over the next three years, emphasizing the interdependence of Samsung's success and Vietnam's development. In response, Prime Minister Pham expressed gratitude for Samsung's investment in Vietnam and assured the government's support, including the creation of favorable conditions for Samsung's business activities. Additionally, Pham highlighted the government's efforts to facilitate foreign investment, particularly in advanced technology sectors, and requested Samsung's continued support for Vietnamese companies to enhance their competitiveness and expand partnerships within Samsung's value chain. Samsung stands as Vietnam's largest foreign investor and top exporter, having invested $22.4 billion and employing approximately 90,000 people. The company's significant contributions to Vietnam's economy were recognized during the meeting, underscoring the mutually beneficial relationship between Samsung and the Southeast Asian country.


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