Prime Minister Nguyen Xuan Phuc has said he supported Samsung group’s further expansion of investment in Vietnam to other fields besides electronics, suggesting such industries as energy, sea ports, health care, infrastructure, science and technology.

During a reception for Samsung group’s President and CEO Shin Jong Kyun in Hanoi yesterday, the PM noted that Samsung was the biggest single foreign investor in Vietnam with six projects valued at US$14.86 billion. The group’s projects have contributed significantly to Vietnam’s import-export turnover while creating jobs for more than 130,000 local workers.

He said Samsung’s substantial and long-term investments in Vietnam were evidence of the Southeast Asian country’s attractiveness to foreign investors.

“The Vietnamese government will create favorable conditions for Samsung’s investment and business activities so that the group will reap more success,” he said.

Phuc took the occasion to ask the Samsung group to assist with training and technology transfer to Vietnamese enterprises operating in the support industries, thus giving chances to those enterprises, particularly small- and medium-sized ones, to become suppliers of materials and parts for the group’s projects.

Shin Jong Kyun informed his host of the group’s business outcomes in Vietnam, with a good pace of capital disbursement at its projects in the northern provinces of Bac Ninh and Thai Nguyen.

Samsung would seriously abide by Vietnam’s laws on investment, business and social security for labourers, he said.

VNS