Samsung to lose US$10 billion if South Korean entering Vietnam face quarantine

Samsung is planning to bring more than 1,000 South Korean experts into Vietnam to support its production chain, Park told local reporters on March 6.

Park referred to Vietnam’s recent policy requiring all visitors from South Korea or transit through South Korea, including businesses, diplomats, or officials, to be quarantined in 14 days amid the spread of the Covid-19 epidemic in that country.

Park asked local authorities to adjust the policy for employees from South Korean companies, particularly Samsung and LG, that they will be exempted from quarantine.

As per Vietnamese screening measures, those holding diplomatic passports should also be considered on a case-by-case basis, Park said and suggested all South Koreans with a health certificate issued by the South Korean authority should be allowed to enter Vietnam without being isolated.

“We are concerned that putting South Koreans in quarantine would cause huge financial losses,” Park was quoted by VnExpress as saying.

The South Korean Ambassador said the two countries are working closely to prevent the Covid-19 epidemic and ensure the movements of people.

Since February 29, the number of South Koreans coming to Vietnam has plunged after the Vietnam halted the unilateral visa-waiver program for South Koreans.

In the first two months of 2019, an average of 100 South Koreans arrived to Vietnam per day, significantly lower than the previous figure of 13,000 recorded in the same period last year.

Park noted from March 7 onwards, all Vietnamese airlines would stop flights to and from South Korea. Before the epidemic, there were 80 direct flights per day and 550 per week between Vietnam and South Korea. Nearly 170,000 South Koreans are living in Vietnam.

“I hope the two countries to have effective solutions against the epidemic and minimize the long-term impacts on the bilateral relations,” he said.

Samsung starts building US$220m R&D centre in Vietnam Samsung Electronics has started building a US$220 research and development in Vietnam, the South Korean tech giant’s local unit said on Monday (March 2). ...

Samsung confirms COVID-19 case at phone factory, facility shut Samsung Electronics said on Saturday that one COVID-19 coronavirus case has been confirmed at its mobile device factory complex in the southeastern city of Gumi, ...

Samsung flies phone parts to Vietnam after coronavirus hits supply chain Samsung has begun flying electronic components for its latest Galaxy phones from China to its factories in Vietnam as it grapples with sweeping supply chain ...

Samsung plans to recruit 3000 Vietnamese engineers Vice Chairman of Samsung Group Lee Jae Yong said the company plans to recruit 3000 Vietnamese engineers to work at R&D Center in Hanoi, also ...