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Samsung to Invest in AI and Semiconductors in Vietnam
Samsung Vietnam will continue expanding into new fields, including artificial intelligence, the semiconductor industry, and digital transformation.
As the largest foreign direct investor in Vietnam, Samsung has registered a total capital of $23.2 billion, with 2024 revenue and export value reaching $62.5 billion and $54.4 billion, respectively. Over the past decade, Samsung has also integrated more than 300 domestic suppliers into its production ecosystem.
At a meeting with Prime Minister Pham Minh Chinh on February 12, Choi Joo Ho, CEO of Samsung Vietnam, and his successor Na Ki Hong reaffirmed Samsung’s commitment to expanding its investment into new sectors, including AI, semiconductors, and digital transformation.
They requested continued support from the Vietnamese government to facilitate Samsung’s business operations and investment expansion in the country.
Prime Minister Pham Minh Chinh emphasized that the Vietnamese government will continue to create favorable conditions for Samsung to operate and grow sustainably in Vietnam. He highlighted the principle of “harmonized benefits, shared risks, mutual understanding, and joint development.”
He urged Samsung to maintain its leadership position, become a strategic investor, and accelerate the development of supporting industries, semiconductors, and digital transformation in Vietnam.
This year, the Vietnamese government aims for at least 8% GDP growth in 2025 and double-digit growth in the years ahead. To achieve this, Vietnam will enhance the investment environment and implement key strategic breakthroughs to drive economic expansion and enter a new development phase.
The Prime Minister also called on Samsung to collaborate with Vietnamese ministries and agencies to:
- Effectively develop training centers within the National Innovation Center.
- Expand R&D investment and support Vietnam’s startup ecosystem.
Additionally, he proposed that Vietnamese executives be appointed to leadership positions within Samsung Vietnam and urged Samsung to enhance the capabilities of local enterprises so they can integrate into Samsung’s global supply chain.
“Both sides need to strengthen collaboration to integrate Vietnamese digital technology companies into Samsung’s ecosystem,” the Prime Minister stated.
Source: Vnexpress
