At the reception, Deputy Prime Minister Tran Luu Quang proposed that Samsung support Vietnam in the training of 50,000 semiconductor engineers by 2030.

Speaking highly of Samsung’s investment that has contributed to Vietnam’s import-export revenue as well as economic development, Quang affirmed that the Vietnamese Government has paid due attention to improving the domestic business climate to facilitate foreign enterprises’ long-term production and business in the country.

He highly evaluated Vietnamese engineers working at the Samsung R&D Centre, asking Samsung, with its considerable experience and capacity, to continue cooperation with the Vietnam National Innovation Centre (NIC).

Deputy Prime Minister Tran Luu Quang (R) and General Director of Samsung Vietnam Choi Joo Ho. (Photo: VNA)

Choi, meanwhile, said Samsung invested an additional 1.2 billion USD in 2023, increasing its total investment in Vietnam to 22.4 billion USD, and the group will continue funneling 1 billion USD into the country each year.

2,400 engineers are working at the Samsung R&D Center, with Vietnamese engineers playing a key role in studying the application of AI in the Galaxy S24 line of smartphones, he said, highlighting Samsung’s plans to continue considering the possibility of expanding cooperation with the NIC and supporting Vietnam in the training of semiconductor human resources.

He affirmed that Vietnam’s development is also Samsung’s, and the group's development will contribute to the country’s socio-economic development. As of late 2023, Samsung had invested over USD 20 billion in Vietnam. Up to now, more than 50% of Samsung products sold around the world are made in Vietnam.

Regarding the cooperation with the NIC, Samsung, and the innovation center last year signed a Memorandum of Understanding on implementing development activities for Vietnam’s young generation who will lead the success of the Fourth Industrial Revolution.

The signing ceremony between Samsung Electronics and the University of Engineering and Technology at the Vietnam National University, Hanoi. Source: VNU

The Republic of Korea-based group had also entered a cooperation document with the Vietnam National University, Hanoi on providing training for some 40 excellent university students in four years to become future leaders of the semiconductor industry.

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