Vietnam needs Samsung’s help to advance semiconductor industry

January 22, 2024

HCMC – The Ministry of Planning and Investment has called on South Korean tech giant Samsung to support Vietnam to improve the capabilities of domestic businesses, especially those in the semiconductor industry. She urged the South Korean tech giant to further support Vietnamese companies, focusing on enhancing domestic capabilities for effective participation in Samsung’s supply chain. Samsung has invested heavily in Vietnam since 2008, operating six factories, one sales entity, and a research and development center. Samsung’s presence in Vietnam has had a transformative impact on provinces like Bac Ninh and Thai Nguyen, which are traditionally dependent on agriculture. These localities have evolved into primary hubs for information technology device manufacturing, achieving significant increases in overall production within Vietnam.

The source of this news is from The Saigon Times