Government backs Samsung's long-term business strategy in Vietnam

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(VOVWORLD) - Deputy Prime Minister Le Minh Khai told Director General of Samsung Vietnam Complex Choi Joo-ho that the Vietnamese Government backs Samsung's long-term business strategy in Vietnam. 
Government backs Samsung's long-term business strategy in Vietnam - ảnh 1Deputy Prime Minister Le Minh Khai (R) hosts a reception for Director General of Samsung Vietnam Complex Choi Joo-ho in Hanoi on December 6, 2021. (Photo: VNA)

During a reception for the Samsung executive in Hanoi on Monday, Deputy PM Khai said as Samsung is a big investor in Vietnam, the Vietnamese Government wants to listen to its opinions in order to discuss with the Korean side how to create more favourable conditions for the firm to operate effectively.

He noted that Vietnam will work to access more vaccine sources to enable businesses to operate safely in the new normal situation.

Director General Choi thanked the Vietnamese Government for assisting the firm over the years, saying Samsung’s revenue reached 56.7 billion USD last year and the figure is expected to rise 15% this year.

Samsung has operated six production factories, one research centre and one sales entity in Vietnam, he said. Apart from mobile phone and household appliance production, Samsung also manufactures main parts of televisions, Mr. Choi said, adding that the firm is employing 110,000 people in Vietnam.

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