Samsung Vietnam strives to earn $57B from export this year

Kyu hailed Vietnam's socio-economic development amidst the complicated global situation, as he was received by Prime Minister Pham Minh Chinh in Hanoi on Tuesday.

PM Chinh congratulated Samsung Vietnam on its business results in the first nine months of this year with revenue of over $48 billion and export turnover of nearly $42 billion, making a significant contribution to Vietnam's trade value.

He said Samsung Group's projects in Vietnam have been implemented rapidly, helping to transform Vietnam’s economic structure, boost exports, develop the supporting industry, generate jobs and contributing to Vietnam's economic development. He also welcomed Samsung's investment in research, development and human resources training in the country.

With the spirit of "harmonizing interests and sharing risks", PM Chinh said Vietnam attaches importance to improving its business environment and commits to protecting legal and legitimate interests as well as creating favourable conditions for foreign enterprises, including Korean companies and Samsung, to operate stably, efficiently and in a long term in Vietnam.

He said the Vietnamese Government is actively considering ways to work with Samsung to remove any obstacles in line with regulations.

The PM suggested that the group continue expanding its investment in high technology, electronics, semiconductors, as well as digital transformation, green growth, and circular economy, contributing to quality human resources training in Vietnam.

He wished that Samsung would continue considering Vietnam a strategic production base, a hub of research, development and production of key products for international markets.

Samsung has invested $18 billion in Vietnam and has plans to raise the figure to $20 billion.