VN ensures optimal conditions for Samsung’s operations: Deputy PM
Vietnam ensures optimal conditions for Samsung’s operations: Deputy PM
Deputy Prime Minister Vuong Dinh Hue hosted a reception in Hanoi on December 21 for outgoing General Director of Samsung Vietnam Shim Won Hwan and Shim’s successor Choi Joo Ho.
Deputy Prime Minister Vuong Dinh Hue (R) meets outgoing General Director of Samsung Vietnam Shim Won Hwan (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue hosted areception in Hanoi on December 21 for outgoing General Director of SamsungVietnam Shim Won Hwan and Shim’s successor Choi Joo Ho.
Hue spoke highly of the contributions of Samsung Vietnam and Shim inparticular to the socio-economic development of Vietnam.
He expressed his hope that the firm’s new head, Choi Joo Ho, will have asuccessful office tenure in Vietnam and keep in close coordination with the Vietnamesegovernment during the firm’s operation.
The Deputy PM pledged that the Vietnamese Government will provideoptimal conditions for Samsung to turn Vietnam into the firm’s global productionhub.
According to Shim, Samsung Vietnam’s export revenue this year isestimated to grow 12 percent to reach 60 billion USD, accounting for about 25percent of Vietnam’s total exports.
He affirmed that Samsung will carry on implementing its strategy oflong-term investment in Vietnam as it considers the nation its largest globalproduction hub, with Samsung Thai Nguyen being the firm’s biggest factory worldwide.
So far, Samsung has disbursed over 90 percent of the 17.3 billion USD thatit had registered to invest in Vietnam, Shim noted, adding that a networkconnecting Samsung and its subsidies with Vietnamese enterprises has beenformed.
He expressed his hope that the Vietnamese Government will continuebacking the firm’s operations in the future.
Hue said that in 2018, Vietnam fulfilled all socio-economic targets forthe whole year with the GDP growth of 6.9-7 percent and import-export revenueof 480 billion USD, up 13 percent year-on-year.
The contributions that Samsung has made to the growth of Bac Ninh, ThaiNguyen, and Ho Chi Minh City where its factories are located are substantial,helping to greatly improve the nation’s economic results, the Deputy PM noted.
After 30 years of attracting foreign direct investment, Vietnam ismoving to prioritise projects with a high connectivity capacity that cansupport Vietnamese firms to join the global value chain, he said.
Hue suggested that Samsung pay more attention to development researchwith a base in Hanoi, developing semiconducting technology in Vietnam, andenhancing the localisation ratio of its products.
The Vietnamese Government will soon issue a policy to promote the growthof its value chain, determined to reinforce the macro-economic foundations for thegrowth of local businesses, he stressed.–VNA
The Ministry of Industry and Trade and Samsung Vietnam launched a programme to train 200 Vietnamese experts serving training and re-coaching demand of supply firms in support industry of Vietnam.
Vietnam is proud to host Samsung’s presence, which has turned the country into a leading cellphone manufacturer in the world, stated Prime Minister Nguyen Xuan Phuc.
Samsung Vietnam and the Ministry of Industry and Trade (MoIT) opened the third and fourth training courses for Vietnamese consultants in the support industry in Ho Chi Minh City on July 24.
Samsung Vietnam and the Ministry of Industry and Trade (MoIT) rounded off its third training course for Vietnamese consultants in the supporting industry with a ceremony in Ho Chi Minh City on October 19.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Deputy Prime Minister Vuong Dinh Hue (R) meets outgoing General Director of Samsung Vietnam Shim Won Hwan (Photo: VNA) 
