The memorandum of understanding for investment by Samsung Display Vietnam, which was signed Sunday and witnessed by Prime Minister Pham Minh Chinh, is meant for expansion.

A woman walks past the Samsung Electronics factory in Vietnam's Bac Ninh province on June 11, 2024.

Samsung Display Vietnam reported profits of $283.6 million on revenues of $6.8 billion in the first half of this year.

Samsung, the biggest foreign investor in Vietnam, has $22 billion in the country, half of it in Bac Ninh province.

Four factories in Vietnam contributed around 30% of Samsung’s global revenue in the period.

Bac Ninh authorities on Sunday announced approvals for $5.5 billion worth of foreign investments in various projects, including by Apple suppliers Foxconn and GoerTek.

The government seeks to make the province a dynamic economic and cultural hub of the north linked with Hanoi.

By 2050 Bac Ninh hopes to become among the economic leaders of Vietnam. It also aspires to become one of the top global centers for high-tech industries, research and development and smart manufacturing.

Samsung factories in Vietnam back in the black after losing quarter

Samsung’s four factories in Vietnam made a combined profit of US$1.2 billion last quarter after losing $181 million in the fourth quarter of 2023.

PM suggests Samsung see Vietnam as strategic manufacturing, export base

Prime Minister Pham Minh Chinh received Chief Financial Officer (CFO) of Samsung Electronics Park Hark-kyu in Hanoi on May 9, calling on the firm from the Republic of Korea (RoK) to view Vietnam as a strategic manufacturing and export base.

Vietnam wants to cooperate with Samsung in semiconductor development: official

Vietnam hopes Samsung become a strategic investor in the context that the country is building a strategy to develop the semiconductor industry and promote innovation, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc has told General Director of Samsung Vietnam Choi Joo Ho.

Wheelchairs and Samsung scholarships offered to people with disabilities and impoverished students

BAC GIANG - The Bac Giang provincial Study Promotion Association, Department of Labor, War Invalids and Social Affairs, Samsung Electronics Vietnam Company Limited (Samsung) on November 1 organized an event at the conventional hall of Bac Giang city People’s Committee to present wheelchairs to people with disabilities and scholarships to impoverished students.

Prime Minister hosts CFO of Samsung Group

Prime Minister Pham Minh Chinh hosted a reception in Hanoi on October 31 for Chief Financial Officer of Samsung Group Park Hark Kyu.