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HCMC \u2013 South Korea\u2019s Samsung has said it is planning to manufacture transistor grids and open a research and development (R&D) center in Vietnam. The firm will inaugurate an R&D center in Hanoi City in late 2022 or early 2023. The center, which is some 85% complete, will serve not only the Vietnamese market but also the Southeast Asian one, the local media reported.<\/p>\n Samsung will help 50 Vietnamese firms improve their competitiveness by developing smart plants and boosting partnerships with universities and research centers, said the Samsung leader.<\/p>\n He also proposed Vietnam take workforce training into account to increase the number of high-skilled workers at enterprises.<\/p>\n Speaking at the meeting, the prime minister said South Korea is Vietnam\u2019s third largest trade partner, after China and the United States. In 2021, two-way trade beteween the two nations reached US$78 billion, accounting for 11.6% of Vietnam\u2019s total export-import value.<\/p>\n In addition, South Korea is the biggest investor in Vietnam, with over 9,380 operational projects worth nearly US$80 billion.<\/p>\n The Government commits to creating favorable conditions and improving the business climate to encourage foreign investors, especially Samsung, to do business in Vietnam, according to the prime minister.<\/p>\n The Government leader also called on Samsung to act as a link to connect South Korean firms with local businesses to diversify supply chains in the coming time.<\/p>\n In the first half of the year, Samsung Vietnam posted US$34.3 billion in export revenue, up 18% year-on-year. In 2022, the firm looks to book US$69 billion from exports and will continue expanding its operations in Vietnam.<\/p>\n","protected":false},"author":1,"featured_media":2125,"template":"","class_list":["post-2124","new","type-new","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\n
\nSpeaking at a meeting in Hanoi on August 5 with Prime Minister Pham Minh Chinh, Roh Tae-Moon, CEO of Samsung, said the conglomerate is preparing to make transistor grids in Vietnam on a trial basis. The product will be mass-produced in July 2023 at the Samsung Electro-Mechanics Vietnam in Thai Nguyen Province.<\/strong><\/p>\n