The PM made the proposal during his recent meeting at the company’s plant in the northern province of Bac Ninh, according to the Vietnam Government Portal.

Prime Minister Pham Minh Chinh (R) visits Samsung Electronics Vietnam's factory in Bac Ninh Province on July 30, 2023.

He said that much like Samsung, Vietnam wants to focus on technology and innovation with human resources being the at the center of growth strategies.

PM Chinh has met with Samsung leaders on five separate occasions in over two years.

Samsung is the biggest foreign investor in Vietnam, with a total registered capital of nearly $20 billion to date.

Half of its smartphones are made in Vietnam, where it employs around 100,000 workers.

Last year the company exported $65 billion worth of products, accounting for 17.5% of Vietnam’s total exports.

Fifty-one Vietnamese companies now work as direct suppliers for the South Korean company.

Samsung expected to become talent nurturing centre in Vietnam: Deputy PM

The Samsung Group’s effective operations have made important contributions to Vietnam’s electronic industry and trade relations, Deputy Prime Minister Le Minh Khai said at a ceremony on April 20 marking the 10th founding anniversary of the Samsung Electronics Vietnam Thai Nguyen Co. Ltd. and receiving a third-class Labour Order.

PM suggests Samsung contribute more to Vietnam-RoK economic ties

Prime Minister Pham Minh Chinh on April 13 expressed his belief and wish that Samsung Electronics Co. , Ltd. , of the Republic of Korea (RoK) will maintain its important role in enhancing economic cooperation between the two countries with many new strategic projects.

Samsung kicks off "Solve for Tomorrow 2023" contest

Samsung Vietnam Complex, Samsung Vina Electronics Company, and Junior Achievement Organisation on April 12 officially launched the "Solve for Tomorrow 2023" contest.

Samsung denies moving smartphone production chain from Vietnam to India

General Director of Samsung Vietnam Complex Choi Joo Ho said the group would not move smartphone production lines from Vietnam to India.

Samsung Vietnam factories fetch nearly $71B revenues

Samsung Vietnam's four factories recorded a revenue of nearly $71 billion last year, accounting for 30% of the South Korean's electronic giants.

Source: VnExpress