During the reception, Deputy Prime Minister Tran Luu Quang proposed that Samsung assist Vietnam in training 50,000 semiconductor engineers by 2030.
Recognizing Samsung’s investment and its contributions to Vietnam’s import-export revenue and economic development, Quang emphasized the Vietnamese government’s commitment to improving the domestic business climate to facilitate long-term production and business for foreign enterprises in the country.
Quang also commended the work of Vietnamese engineers at the Samsung R&D Centre and urged Samsung, with its extensive experience and capabilities, to continue collaborating with the Vietnam National Innovation Centre (NIC).
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| Deputy Prime Minister Tran Luu Quang (R) and General Director of Samsung Vietnam Choi Joo Ho. (Photo: VNA) |
Meanwhile, Choi announced that Samsung has invested an additional $1.2 billion in 2023, bringing its total investment in Vietnam to $22.4 billion, with plans to continue investing $1 billion annually.
He highlighted the 2,400 engineers at the Samsung R&D Center, with Vietnamese engineers playing a key role in researching the application of AI in the Galaxy S24 line of smartphones. Choi also mentioned Samsung’s intention to explore further cooperation with the NIC and support Vietnam in training semiconductor professionals.
Choi affirmed that Samsung’s growth is intertwined with Vietnam’s development, and the company’s progress will contribute to the country’s socio-economic advancement. As of late 2023, Samsung had invested over $20 billion in Vietnam, with more than 50% of its global products manufactured in the country.
Regarding collaboration with the NIC, Samsung and the innovation center signed a Memorandum of Understanding in 2023 to develop the young generation of Vietnam, who will propel the success of the Fourth Industrial Revolution.
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| The signing ceremony between Samsung Electronics and the University of Engineering and Technology at the Vietnam National University, Hanoi. Source: VNU |
The Republic of Korea-based group has also partnered with the Vietnam National University, Hanoi to provide training for 40 outstanding university students over four years, nurturing future leaders in the semiconductor industry.
| In recent years, Vietnam’s semiconductor and microchip industry has become a vital sector for the country. Vietnam currently ranks ninth globally in electronics exports. In 2023, computers, phones, and electronic components were the largest export items, generating a turnover of $110.53 billion, accounting for over 31 percent of the country’s total export turnover. The potential for semiconductor industry development in Vietnam is vast, accompanied by a high demand for skilled professionals in the field. |
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