Vinh Phuc Encourages Investment in Hi-Tech and Semiconductor Sectors

Mr. Tran Duy Dong, Chairman of the Provincial People's Committee of Vinh Phuc province, recently hosted a working meeting with Mr. Choi Joo Ho, General Director of Samsung Vietnam.

Mr. Tran Duy Dong, Chairman of the Provincial People's Committee of Vinh Phuc province at a meeting with Mr. Choi Joo Ho, General Director of Samsung Vietnam

At the meeting, Dong introduced to the guest local potential advantages in investment attraction and industrial development, adding that Vinh Phuc always encourages and prioritizes high-tech and semiconductor investment.

Vinh Phuc province currently has 19 industrial parks approved for investment by the Prime Minister and Korea is the biggest investor in both investment value and investment projects in the province. In particular, he hoped that Samsung and its vendors always see Vinh Phuc as a priority investment destination in Vietnam. He highly praised Samsung for its contributions to the state budget and its role in creating employment opportunities for workers in Vietnam.

General Director of Samsung Vietnam Choi Joo Ho appreciated Vinh Phuc province for facilitating Samsung's vendors to operate in the province, adding that they are very important strategic partners of Samsung. The firm’s proposals and recommendations are promptly addressed by Vinh Phuc authorities, thus importantly helping its vendors maintain stable production and ensuring supply sources for Samsung.

Dong hoped that Samsung will continue to support the semiconductor manufacturing factory project in Vinh Phuc province, which involves a collaboration between Signetics Joint Stock Company, a vendor of Samsung, and CNCTech Group. The aim is to ensure the project's successful implementation and timely operation.

By Nguyet Tham, Vietnam Business Forum