PM speaks highly of Samsung’s investment in Vietnam
Prime Minister Nguyen Xuan Phuc visited Samsung Electronics Vietnam Thai Nguyen (SEVT) during his working trip to the northern province of Thai Nguyen on July 26.
Prime Minister Nguyen Xuan Phuc (M) visits Samsung Electronics Vietnam Thai Nguyen (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc visited SamsungElectronics Vietnam Thai Nguyen (SEVT) during his working trip to the northern provinceof Thai Nguyen on July 26.
The PM appreciated Samsung’s investment in Vietnam with its high committedcapital and disbursement ratio. He especially praised the technology’scommitment to exporting 50 billion USD worth of products this year.
He said that he is impressed with Samsung’s operation in Vietnam, which focuseson not only research and development (R&D) but also manufacturing andassembly. He hailed the firm for improving the living conditions for employees andworkers and reaching a localisation rate of 57 percent for their products.
The Government leader thanked the group for its contributions to Vietnam’s development,asking it to remain a role model in doing long-term business in the country.
Samsung was also urged to pay more attention to the living conditions ofworkers and environmental protection while setting an example for otherbusinesses.
The PM also asked the group, as the biggest foreign-invested company inVietnam, to create favourable conditions for local businesses to developsupport industries and provide necessary services.
Since it started operating in 2014, SEVT has increased its capital and revenueby 250 times to 5 billion USD and 20.4 billion USD.
IT is a member of Samsung Electronics Vietnam, which contributed 20 percent ofthe country’s exports in 2016 (39.9 billion USD).
Samsung Vietnam targets an export turnover of 50 billion USD and a localisationrate of 57 percent for its products, which are supplied by 215 Vietnamesecompanies.-VNA
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Prime Minister Nguyen Xuan Phuc (M) visits Samsung Electronics Vietnam Thai Nguyen (Photo: VNA) 
