Samsung

Samsung Vietnam's management board at the ceremony. The R&D Centre has an investment of about US$220 million. — Photo courtesy of the firm Samsung Vietnam on Saturday officially completed the construction of the civil work for the new Samsung Research and Development Centre in Ha Noi’s Tay Ho urban area. To show the determination to ensure safety and complete the work on schedule, a safety oath ceremony was held. Starting in March 2020, the construction has completed 70 per cent of the workload, thereby ensuring its schedule so that the new centre can be completed by the end of this year as committed to the Viet Nam Government. In October 2020, the foundation construction was completed. In April 2021, the work completed 30 per cent of the plan and started construction of the floating structure. By September 2021, 50 per cent of the work has been completed. Last year, despite the complicated situation of the COVID-19 pandemic, Samsung Vietnam ensured strict compliance … [Read more...] about Samsung Vietnam completes construction of new R&D Centre

Samsung completed another major part of the construction of the R&D centre in Hanoi The above ceremony marks the completion of 70 per cent of the workload. Samsung ensures that the construction goes on as planned and expects to take the centre into operation by the end of this year as previously committed to the government. Choi Joo Ho, general director of Samsung Vietnam said, “Through the centre, Samsung targets to foster the study capacity of Vietnamese talents in AI, IoT, big data, and 5G to create a premise for the country to be ahead of the pack with the changes of the Fourth Industrial Revolution.” Ho added, “The R&D centre not only proves Samsung’s long-term investment commitment in Vietnam but also shows the group’s determination to support the country in becoming the leading manufacturing hub in Southeast Asia.” The centre has the total investment of $200 million, and the construction was started in March 2020. The project’s construction was going on as … [Read more...] about Samsung completed parts of construction of R&D centre in Hanoi

Well-known groups are continuing to pour money into Vietnam specifically for research and development, Photo: Le Toan LEGO Group COO Carsten Rasmussen last week arrived in Vietnam to speed up the preparation of a $1 billion complex in the southern province of Binh Duong. At last week’s meeting with the Danish toymaker, Deputy Prime Minister Pham Binh Minh said, “This is the largest capital from a Danish group investing in Vietnam, confirming the faith and optimism of Lego, as well as the interest of other Danish investors in this country.” Fresh updates recently revealed by the Ministry of Planning and Investment that the total newly-registered foreign direct investment (FDI) into Vietnam last year amounted to $38.85 billion, up 25.2 per cent on-year, thanks to two billion-dollar projects registered at $7.7 billion and both licensed on the last day of 2021. An annual report on FDI in Vietnam released last week by the Vietnam Association of Foreign-Invested Enteprises … [Read more...] about FDI quality in need of fresh policy boost

GE's 9HA turbine promises higher combined-cycle efficiency GE on May 16 announced that it secured an order from Samsung C&T Corporation, the leader of the engineering, procurement, and construction consortium that will provide power generation equipment for PV Power’s Nhon Trach 3 & 4 Power Plant in Ong Keo Industrial Park in the Nhon Trach district. The project marks GE’s first H-Class gas turbine order in Vietnam. Once in commercial operation in 2025, Nhon Trach 3 & 4 are expected to deliver over 1.6GW of electricity and will be the first power plants fueled by LNG in the country. In addition, on May 11, an MoU to improve the efficiency of the existing Nhon Trach 1 power plant and develop long-term cooperation on the maintenance for Nhon Trach 3 & 4 was signed and exchanged between GE and PV Power in the presence of Prime Minister Pham Minh Chinh during his visit to Washington DC. Vietnam is currently heavily reliant on coal which fuels around a third of … [Read more...] about GE secures first 9HA combined cycle power plant in Vietnam

GE's 9HA turbine promises higher combined-cycle efficiency GE on May 16 announced that it secured an order from Samsung C&T Corporation, the leader of the engineering, procurement, and construction consortium that will provide power generation equipment for PV Power’s Nhon Trach 3 & 4 Power Plant in Ong Keo Industrial Park in the Nhon Trach district. The project marks GE’s first H-Class gas turbine order in Vietnam. Once in commercial operation in 2025, Nhon Trach 3 & 4 are expected to deliver over 1.6GW of electricity and will be the first power plants fueled by LNG in the country. In addition, on May 11, an MoU to improve the efficiency of the existing Nhon Trach 1 power plant and develop long-term cooperation on the maintenance for Nhon Trach 3 & 4 was signed and exchanged between GE and PV Power in the presence of Prime Minister Pham Minh Chinh during his visit to Washington DC. Vietnam is currently heavily reliant on coal which fuels around a third of … [Read more...] about GE secures first 9HA combined cycle power plant order in Vietnam