Samsung to expand its investment in Viet Nam

Wednesday, May 28, 2014 17:06

Workers at the Samsung Electronics Vietnam in the northern province of Bac Ninh. In a recent meeting with Deputy Prime Minister Hoang Trung Hai, Samsung Corporation proposes to obtain permission for its investment in various projects. — Photo baohaiquan.vn

HA NOI (Biz Hub) — Samsung Corporation is interested in investing in large projects in Viet Nam, announced Shin Kim, president and CEO of the Trading and Investment Group of Samsung C&T Corporation.

At a meeting with Viet Nam's Deputy Prime Minister Hoang Trung Hai on May 27 in Ha Noi, Kim proposed to obtain permission for the corporation's investment in various projects, including the construction of the Vung Ang 3 thermo power plant in the central province of Ha Tinh, a shipbuilding factory in Khanh Hoa Province, Long Thanh international airport in Dong Nai Province and Long Son oil refinery in Vung Tau City.

Viet Nam's Deputy Prime Minister Hoang Trung Hai meets Shin Kim, president and CEO of the Trading and Investment Group of Samsung C&T Corporation on May 27 in Ha Noi. — Photo baodientu.chinhphu.vn

Kim also praised the government's support and expressed his faith in the attractive investment environment in Viet Nam.

Speaking at the meeting, the deputy prime minister hoped to boost investment cooperation with one of South Korea's leading investors in the country. He affirmed that the Vietnamese government will always support and create positive conditions for foreign investors to invest in Viet Nam, regarding the successes of investors as the successes of Viet Nam.

For the aforementioned projects worth billions of dollars, the deputy prime minister has asked Samsung to implement the necessary preparations and regulated procedures so that Vietnamese authorities can consider them based on the true situation of each project. — VNS

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