According to Reuters news on December 5, according to the Vietnam News Agency, as the largest single foreign investor in Vietnam, Samsung Electronics will invest an additional US$2 billion in the country, increasing the total investment to US$20 billion, further consolidating Vietnam as an important producer of Samsung. base position.
In a separate statement, the Vietnamese government said LG Group would invest another $4 billion in the country to make it a hub for smartphone camera production. As of now, LG has invested a total of US$5.3 billion in Vietnam to produce products such as electronic home appliances, cameras and auto parts.
According to Yonhap News Agency, South Korea’s Deputy Prime Minister of Economy and Minister of Planning and Finance Choo Kyung-ho announced at the South Korea-Vietnam Business Forum on the 6th that the two countries will explore cooperation programs in the supply chain field and strive to achieve a bilateral trade volume of 100 billion US dollars next year. Choo proposed that South Korea and Vietnam expand the scope of cooperation to smart cities, information and communication technology, renewable energy, and environmental infrastructure to successfully promote digital green transformation.
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related events
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- Samsung cuts production, Vietnam’s smartphone production and exports both decline before Christmas2022-11-29
- Hyundai Motor Vietnam’s new plant is put into operation, and the annual production capacity will increase to 180,000 vehicles2022-11-22
- Guoxuan Hi-Tech and VinES cooperated to build Vietnam’s first lithium iron phosphate battery factory2022-11-19
- Samsung plans to reduce the proportion of smartphone production in Vietnam to 40% next year 2022-11-09
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