At a meeting held at Samsung’s headquarters in Suwon, Gyeonggi province, Samsung executives, including Vice Chairman and Chief Financial Officer Park Soon Cheol, outlined the company’s global strategy and future investment plans, emphasizing that Vietnam remains a key manufacturing hub in its global value chain.

An overview of the meeting.

Samsung has built a large-scale electronics production complex in Bac Ninh, home to several major projects.

Samsung Electronics Vietnam operates with total registered capital of about 2.5 billion USD, focusing on manufacturing, assembling high-tech electronic products and research and development.

Bac Ninh provincial Party Chief Nguyen Hong Thai speaks at the meeting.

Samsung Display Vietnam, with investment of roughly 8.3 billion USD, produces display panels for global markets, while Samsung SDI Vietnam, with 160 million USD in capital, specializes in batteries and electronic components.

The group’s investments have created tens of thousands of jobs and contributed to the development of Vietnam’s supporting industries, helping local firms integrate more deeply into global supply chains.

Park Soon Cheol, Vice Chairman and Chief Financial Officer of Samsung Electronics, speaks at the meeting.

Park said Samsung considers Vietnam, particularly Bac Ninh, a strategic investment destination and plans to continue expanding production, enhancing technological capabilities and strengthening cooperation with local partners.

The Bac Ninh provincial Party Chief said the visit was significant for consolidating and advancing the partnership between Bac Ninh and Samsung.

Bac Ninh provincial Party Chief Nguyen Hong Thai presents a silver plate engraved with eight UNESCO-recognized cultural heritage elements of Bac Ninh province to Park Soon Cheol.

He highlighted the province’s economic potential following administrative expansion, noting a population of more than 3.6 million and its role as a dynamic growth pole in northern Vietnam.

Bac Ninh benefits from a strategic location within key economic corridors, with strong connectivity to Hanoi, Noi Bai International Airport and Hai Phong seaport.

The province is also developing the Gia Binh International Airport to international standards, aiming to further improve transport infrastructure and investment attractiveness.

The Bac Ninh delegation listens to an introduction about the Samsung Innovation Museum.

The province has maintained one of the country’s highest growth rates, posting 10.27% in 2025 and 9.82% in the first quarter of 2026.

Total import-export turnover reached 48.1 billion USD, while accumulated foreign direct investment stands at around 49.4 billion USD, ranking second nationwide.

South Korea is the leading investor in Bac Ninh, with 1,148 projects worth a combined 18.8 billion USD. Korean firms, including Samsung, have played a crucial role in the province’s socio-economic development.

The provincial leader reiterated Bac Ninh’s commitment to supporting businesses by maintaining a favorable investment environment, pledging that the province views corporate challenges as its own and business success as local success.

The Bac Ninh provincial delegation poses for a commemorative photo at the Samsung Innovation Museum.

He called on Samsung to expand investment, accelerate technology transfer and support Vietnamese companies in joining global supply chains.

Both sides discussed future cooperation and agreed to enhance connectivity, expand investment and promote high-tech industrial development.

The visit concluded with a tour of Samsung facilities and the Samsung Innovation Museum, as well as an exchange of commemorative gifts.

RoK President, spouse conclude state visit to Vietnam

The RoK will remain a reliable partner accompanying Vietnam in its goal of becoming an upper-middle-income developing country by 2030 and a high-income developed country by 2045, said President Lee Jae Myung.

 

Vietnam, RoK seek more balanced 150 billion USD trade by 2030

President Lee agreed with the proposals, affirming coordination with Vietnam to identify measures to raise bilateral trade to 150 billion USD by 2030 in a more balanced manner, and to facilitate deeper participation by Vietnamese firms in the RoK’s global supply chains.

 

Vietnam, RoK open market for processed chicken products

Minister of Agriculture and Environment Trinh Viet Hung said in the initial phase, each country will designate two enterprises eligible to export processed chicken products, expressing confidence that this starting point will pave the way for expanding participation and scaling up exports in the future.

 

Bac Ninh delegation visits RoK’s Gyeongsangbuk-do province

BAC NINH – A Bac Ninh delegation led by Mai Son, member of the Standing Board of the provincial Party Committee and Vice Chairman of the provincial People's Committee, had a courtesy meeting with leaders of the Gyeongsangbuk-do provincial government on April 22 during their working visit to the Republic of Korea (RoK) province.

Vietnam, RoK leaders witness exchange of cooperation documents

Economic and trade cooperation has remained the main pillar of Vietnam-RoK relations. Two-way trade reached 89.5 billion USD in 2025, up 9.6% from 2024, and 26.9 billion USD in the first three months of 2026, an increase of 30% year-on-year.

 

Party General Secretary, State President hosts official welcome ceremony for RoK President

Following the welcome ceremony, the two leaders held talks, witnessed the signing of cooperation documents, and met with the press.

 

Bac Ninh, RoK’s Jeonbuk boost cultural, tourism cooperation

Both Bac Ninh and Jeonbuk boast rich and distinctive cultural heritage. Jeonbuk is known for Pansori, a traditional Korean vocal art, and Hanji paper, which is being nominated for UNESCO recognition. Meanwhile, Bac Ninh is home to Quan Ho folk singing and the Dong Ho folk painting tradition.