Samsung Electronics vice chairman Lee Jae-yong departed for Vietnam for a three-day visit to explore business opportunities.
He is scheduled to meet Prime Minister Nguyen Xuan Phuc on Tuesday to discuss possible investment plans and visit Samsung's plants in Hanoi, South Korea’s Yonhap News Agency reported.
The focus will be on whether Lee announces new investment plans including the construction of a factory for electronic-car batteries in Vietnam.
Samsung Electronics Vice Chairman Lee Jae-yong speaks at the company's headquarters in Seoul, South Korea, June 23, 2015.
Lee is also expected to inspect the progress of a Samsung Electronics research center that is currently under construction in Hanoi, Korea Times reported.
Construction of the $220 million research and development center, the first of its kind outside South Korea, began last March.
It is Lee's first visit to Vietnam since October 2018. He is exempt from mandatory quarantine after the government scrapped the quarantine requirement for foreign managers, investors and diplomats visiting the country for less than 14 days.
Vietnam is Samsung's largest smartphone production base, with half of all its phones being made in the country at plants in Bac Ninh and Thai Nguyen provinces in the north. It has invested over $17 billion in Vietnam so far.
It also has TV and home appliances plants in Ho Chi Minh City.
PM commits further support to Samsung Vietnam
The Vietnamese Government, ministries, agencies and localities will continue providing all possible support for Korean businesses and corporations, including Samsung, to continue doing business successfully in Vietnam, said Prime Minister Nguyen Xuan Phuc.
Samsung Hope School fuels belief of poor children
(BGO) - Chairman of the
provincial People’s Committee of Bac Giang province has decided to approve the
project “Samsung Hope School” in Dinh Huong village, Thang town, Hiep Hoa
district granted by Samsung Electronics Vietnam Company Limited (SEV) and
Korean Food and Hungry International (KFHI). The people’s committee of Hiep Hoa
district will act as owner of the aid package.
Bac Giang provincial Steering Committee urges drastic measures to review workers at SamSung Display Company
(BGO) – The Steering
Committee for Covid-19 Prevention and Control in Bac Giang province (Steering
Committee) on April 13 issued urgent correspondence to order the People’s
Committee in the districts and city to promptly review the Bac Giang’s
residents and relevant case working at EQC-SI in SamSung Display Company, Yen
Phong Industrial Park (Bac Ninh) who related to patient 262 so as to isolate
and take sample for SARS-CoV-2 testing.
Prime Minister commits support to Samsung Vietnam
Prime Minister Nguyen Xuan Phuc on October 11 affirmed that the Vietnamese Government always provides all possible support for investors, including those from the Republic of Korea and Samsung Vietnam, to expand operations in the country.