Samsung – the biggest foreign investor in Vietnam at present with total registered capital of over 17 billion USD – has asked Vietnamese ministries and departments and authorities of Bac Ninh to facilitate investment procedures for Samsung Display Vietnam so that the country can expand its complex in the northern province.

Experts said that many foreign enterprises want to invest and expand investment in Vietnam partly thanks to the country’s strong increase – 10 places - in the recent rankings of the global competitiveness index (GCI).

Similarly, a delegation of companies which are partners of VinaCapital – which is managing total assets of over 3.3 billion USD – expressed hope to invest in Vietnam in numerous fields, including liquefied natural gas (LNG), technology, tourism, consumption and real estate.

Meanwhile, the US Fitbit smartwatch and Tile household electronics makers said they will move their factories from China to neighbouring countries, including Vietnam.

Japan’s Sharp, Kyocera, and other businesses are also eyeing to open factories in Vietnam.

According to experts, that many foreign enterprises want to invest and expand investment in Vietnam can be partly attributed to the country’s strong increase – 10 places - in the recent rankings of the global competitiveness index (GCI).

However, Vietnam should exert more efforts to improve competitiveness as many countries in the regions such as Thailand and China are offering new policies to attract investment, they said.

PM urges Samsung Vietnam to expand operation

Prime Minister Nguyen Xuan Phuc on June 14 suggested Samsung Vietnam expand its operation not only in electronics assembling but also in technological development. 

Samsung launches modern technology experience space in Vietnam

Samsung Vietnam (Samsung Vina) officially launched the Samsung Showcase, a technology exhibition and experience centre at the Bitexco building in Ho Chi Minh City on March 15. 

Samsung helps train Vietnamese support industry experts

Samsung in collaboration with the Ministry of Industry and Trade of Vietnam officially launched its first course in the Republic of Korea on March 4 for Vietnam’s support industry experts.

PM: Vietnam to facilitate Samsung’s operations

The Vietnamese Government has paid considerable attention to Samsung’s investment projects in Vietnam and will continue to create favorable conditions for the firm to successfully do business in the country, Prime Minister Nguyen Xuan Phuc told an official from Samsung on January 11. 

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.

Source: VNA