HCM City urges Samsung to soon open R&D centre

Economy, Vietnam, Vietnam Finance News

Thursday, March 14, 2019 – 21:50:00 Print

Secretary of the HCM City Party Committee Nguyen Thien Nhan (R) and General Director of the Samsung Electronics Vietnam Choi Joo-ho (Photo: VNA)

HCM City  (VNA)
– Ho Chi Minh City hopes the Republic of Korea-based
Samsung Group would open a research and development centre in the city to take
advantage of its skilled human resources, said a local official.

Receiving General Director of the Samsung Electronics Vietnam Choi
Joo-ho on March 14, Secretary of the municipal Party Committee Nguyen Thien
Nhan congratulated Samsung on its production and business results in Vietnam,
saying the development of Samsung has contributed to Vietnam-RoK relations.

Nhan affirmed that HCM City is willing to create favourable conditions
for the company to expand investment and participate in the Saigon Hi-tech
Park, and increase the number of local businesses joining Samsung’s supply

He appreciated Samsung’s efforts to help improve the capacity of
enterprises and train high-quality human resources for Vietnam and the city in
particular, and hoped for continued assistance from the company.

Choi voiced his wish to continue receiving support from the city’s
leaders and departments and sectors so that the company can reap more fruits in
the coming time.

Sharing Samsung’s production and business results in Vietnam in 2018, he
said that the HCM City-based factory contributed 3 billion USD to Samsung
Vietnam’s total export turnover of around 60 billion USD.

Among 630 businesses in Vietnam joining the company’s supply chain, HCM City
has 151 businesses, and the figure will increase to 171 in the time ahead, he said.

Samsung is coordinating with the Vietnamese Ministry of Industry and
Trade to carry out a consultation support programme to raise the capacity of
Vietnamese enterprises, including eight from HCM City. This year, it will help
train 120 consultants for Vietnam, of whom 60 live in the city, he added.-VNA


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