Prime Minister Nguyen Xuan Phuc has vowed that Vietnam always supports and creates all optimal conditions for foreign investors, including Samsung, to run business in Vietnam.
Prime Minister Nguyen Xuan Phuc (R) meets Shin Jong-kyun, President and CEO of Samsung Electronics (Photo: VNA)
Hanoi (VNA)– Prime Minister Nguyen Xuan Phuc has vowed that Vietnam always supports andcreates all optimal conditions for foreign investors, including Samsung, to runbusiness in Vietnam.
At a reception inHanoi on October 6 for Shin Jong-kyun, President and CEO of the Republic ofKorea (RoK)’s Samsung Electronics, the PM lauded the company for being thelargest investor in Vietnam.
He said that cooperationbetween Vietnam and the RoK has grown fruitfully in all fields. This year, thetwo countries are celebrating their 25th anniversary of diplomaticties, he noted.
He expressed his hopethat Samsung will continue expanding its business in Vietnam, not only inelectronics but other fields that the firm is strong in.
He suggested the firmcontinue assisting Vietnam in human resources training and technology transfer,thus creating opportunities for local support industry businesses, especiallysmall and medium-sized ones.
The Government leaderasked Samsung to launch its Centre for Research and Development on schedule.
For his part, ShinJong-kyun said that after its decade-long presence in Vietnam, Samsung’sinvestment has mounted to 17 billion USD. He revealed that Samsung plans to exportover 50 billion USD worth of products in 2017, accounting for 20 percent ofVietnam’s total export value. The two Vietnam-based factories are the largestand most modern of the firm so far, he said.
He voiced his hope tocontinue receiving support from the Government and PM of Vietnam in order to makemore contributions to the country’s development.
Shin said that the companyhas paid great attention to the training of Vietnamese staff, while increasingthe number of Vietnamese firms joining its supply chain to 29 by the end ofthis year. In the next three years, the figure is expected to reach 50, hesaid, adding that Samsung is interested in telecommunication sector ofVietnam-VNA
The Republic of Korea (RoK) was the largest among 91 countries and territories investing in Vietnam in the first five months of 2017, with total foreign direct investment (FDI) of 4.41 billion USD, 36.4 percent of total FDI in the period.
Samsung Vietnam has achieved a significant breakthrough in increasing the localisation rate of its products from 35 percent in 2014 to 57 percent at present.
The Republic of Korea (RoK) remained Vietnam’s No.1 investor during the January 1-September 20 period, with total investment of 6.31 billion USD, accounting for 24.7 percent of total foreign direct investment (FDI) Vietnam has attracted in the time, according to the Ministry of Planning and Investment.
A team of experts from Samsung will support three Vietnamese firms in improving their competitiveness and capability to join the supply chains of Samsung and the globe.
The Vietnamese Embassy advises the Vietnamese community living, studying, and working in Israel to strictly comply with directions from the Home Front Command and local authorities.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Prime Minister Nguyen Xuan Phuc (R) meets Shin Jong-kyun, President and CEO of Samsung Electronics (Photo: VNA) 
