Samsung has invested nearly $18 bln in Vietnam

With eight manufacturing and research facilities in the country, the South Korean electronics giant achieved revenues of nearly $60.5 billion in the first 10 months of this year, Samsung Vietnam CEO Choi Joo Ho told Deputy Prime Minister Le Minh Khai at a meeting in Hanoi Monday.

It marked a 15 percent year-on-year rise despite the challenges to keeping factories going and sourcing parts amid Covid-19, he said.

Exports accounted for nearly 89 percent of the revenues, he added.

The company is building a $220-million research and development center in Hanoi, the first of its kind outside of its home country.