Nguyễn Văn Thương – CE181966- Group1

Samsung Electronics General Director Roh Tae Moon has just said that the Korean group will
expand its business and investment activities in Vietnam, with the goal of high-value exports and
more investment this year. The expansion will involve the production of semiconductor products at
Samsung Electro-Mechanics Vietnam, Samsung will also support 50 Vietnamese enterprises to
improve their competitiveness under the smart factory model while promoting cooperation with
universities and research institutes in Vietnam. The group currently has eight facilities in Vietnam,
including six manufacturing plants, one R&D center, and one sales unit. Last year, two-way trade
between Korea and Vietnam increased compared to 2020 and accounted for 11.6% of Vietnam's total
trade value. The expansion of Samsung Electronics' operations in Vietnam is an important move as
Vietnam is already a major manufacturing hub for the company. The new export and investment
targets will further strengthen Samsung's presence in Vietnam and contribute to the country's
economic growth. In addition, the cooperation between Samsung and Vietnamese enterprises,
universities, and research institutes is likely to enhance Vietnam's competitiveness in the technology
industry and attract more foreign investment.

I think this article also highlights the strong economic relationship between Korea and Vietnam, in
which Samsung is the largest foreign investor in Vietnam. This relationship could pave the way for
more Korean companies to invest in Vietnam, bringing benefits to both countries. In summary, this
article provides valuable insights into the dynamics of foreign investment in Vietnam, the importance
of the semiconductor industry, and the role of the government in creating a favorable investment
environment terrain. It highlights the implicit openings for profitable growth and job creation in
Vietnam but also underscores the need for the country to invest in developing its domestic
diligence to reduce its reliance on foreign companies.