The R&D center in Hanoi, scheduled to be completed by late 2022, would be Samsung’s major R&D hub not only in Vietnam but also the whole of Southeast Asia. Samsung is expected to expand investment in Vietnam with an additional fund of US$3.3 billion, along with an export target of US$69 billion from its manufacturing facilities in the country. Prime Minister Pham Minh Chinh (r) and Samsung CEO Roh Tae-Moon. Photo: Nhat Bac Samsung’s CEO Roh Tae-Moon mentioned the conglomerate's goals in Vietnam during a meeting with Prime Minister Pham Minh Chinh on August 5. According to Roh, Samsung Vietnam exported more than $34.3 billion worth of electronic products during the first six months of 2022, representing an increase of 18% year-on-year. Roh noted the South Korean IT giant is preparing for mass production of semiconductor components at the Samsung Electro-Mechanics Vietnam plant in Thai Nguyen Province from July 2023, and also for the launch the … [Read more...] about Samsung plans to invest US$3.3 billion in Vietnam in 2022
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S.Korea’s Samsung to expand trade, investment in Vietnam: CEO
South Korean conglomerate Samsung Electronics will make a business and investment expansion in Vietnam, with a target of US$69 billion worth of exports and an additional investment of US$3.3 billion this year, among other activities, the group’s leader has said. Samsung CEO Roh Tae Moon told Vietnamese Prime Minister Pham Minh Chinh about the giant’s expansion of operations in Vietnam at their meeting on Friday, as part of his ongoing working visit in the Southeast Asian country. Specifically, Samsung will manufacture semiconductor products at its Samsung Electro-Mechanics Vietnam, located in northern Thai Nguyen Province, in July 2023, the CEO said. The group will also inaugurate its research and development (R&D) center in Hanoi late this year or early next year to serve not only Vietnam but other Southeast Asian countries as well. In addition, Samsung plans to assist 50 Vietnamese enterprises in improving their competitiveness under a smart factory model, while … [Read more...] about S.Korea’s Samsung to expand trade, investment in Vietnam: CEO
Happy One Central receives warm responses in Hong Kong
The exclusive seminar introducing Happy One Central in Hong Kong The launching seminar of Happy One Central was organised by the major reputable companies under Knightsbridge Partners including Asia Bankers Club, Golden Emperors, and Ashton Hawks. The seminar has drawn the attention of many Hong Kong investors. Knightsbridge Partners has extensive experience in researching and distributing thousands of Vietnamese high-end apartment projects in foreign markets. The company also boasts a team of experts with a local understanding of the Vietnamese real estate market. They not only spend a lot of time researching Law on Investment but also experience in guiding Hong Kong investors through the entire investment process in Vietnam. Liu, a Hong Kong investor said, “I have learned a lot about Vietnam, especially areas with a strong expat community. I am really keen on the potential of Binh Duong, which is one of the top foreign direct investment recipients in Vietnam. Binh Duong … [Read more...] about Happy One Central receives warm responses in Hong Kong