On the afternoon of June 21, Prime Minister Pham Minh Chinh received Mr. Park Hark Kyu - General Director in charge of finance of Samsung Group, who is visiting and working in Vietnam, according to the Government Newspaper.
At the meeting, the Prime Minister highly appreciated Samsung's efforts and determination in doing business in Vietnam, contributing positively to import-export turnover and socio -economic development over the past years; welcomed and supported Samsung's plan to implement production and business activities in the coming time.
The Prime Minister affirmed that the Vietnamese Government always pays great attention and commits to continue to accompany and direct ministries, branches and localities to create favorable conditions and remove difficulties and obstacles so that the investment group's projects can operate effectively and develop sustainably in Vietnam; always listen to and accept the valid opinions of businesses and investors with the viewpoint of "harmonized benefits, shared risks", the success of investors is also the success of Vietnam, "what is said is done, what is committed must be done", timely and effective policy responses.
In the coming time, the Prime Minister hopes that Samsung will continue to support Vietnam in further improving the capacity of domestic enterprises so that they can participate more effectively in the supply chain, becoming partners in Samsung's ecosystem; promote research and development (R&D) activities, support start-ups and innovation in Vietnam; continue to consider Vietnam as a strategic production base, research - development and production of key products for the international market.
Vietnam also welcomes close, comprehensive and effective cooperation with countries, economies and leading businesses and partners in the world in emerging industries such as semiconductors, artificial intelligence, hydrogen, etc., including Samsung; and hopes to receive comments and suggestions from businesses and investors to build, supplement and perfect policies in accordance with international commitments and Vietnam's conditions and circumstances.
For his part, General Director Park Hark Kyu reported on the situation and expected production and business plans of Samsung in the coming time; at the same time, he learned and discussed with leaders of ministries and branches attending the meeting about the environment and investment policies of Vietnam, especially in emerging fields and the direct power purchase mechanism (DPPA)...
He thanked Vietnam for its active and effective attention and support, which has helped Samsung overcome difficulties and challenges in recent times, and hoped and believed that Vietnam would continuously improve its business environment.
In the coming time, continuing to promote the good cooperation results based on high trust over the past years, Samsung commits to always accompany Vietnam, making every effort to contribute to the socio-economic development of Vietnam.
Samsung is currently the largest foreign direct investor in Vietnam, with a total registered investment capital of 22.6 billion USD. In 2023, revenue and exports will reach 65 billion USD and 55.7 billion USD, respectively; by March 2024, revenue and exports will reach 17.2 billion USD and 15 billion USD, respectively.
Source: https://laodong.vn/thoi-su/thu-tuong-chinh-phu-pham-minh-chinh-tiep-tong-giam-doc-tai-chinh-samsung-1356012.ldo
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