The group aims to invest an additional $1 billion per year in the country. The information was shared by Choi Joo Ho, general director of Samsung Vietnam, at a meeting with Deputy Prime Minister Tran Luu Quang on March 4.

According to Ho, 2023 was a difficult year as the global economic situation faced many difficulties and the global mobile phone market was shrinking. Despite the challenging context, Samsung Vietnam achieved an export turnover of $55.7 billion.

Samsung R&D Centre is now home to 2,400 engineers. Among them, Vietnamese engineers play the crucial role in researching AI features in the new Galaxy S24 phone series, which Samsung highly values for their capabilities, he said.

He also expressed his gratitude and hoped that the Vietnamese government would continue to improve the investment environment while create better conditions for Samsung's investment activities in Vietnam.

At the meeting, DPM Quang proposed that Samsung continue to cooperate with the National Innovation Centre (NIC) and facilitate Vietnam's efforts to achieve the goal of training 50,000 semiconductor industry engineers by 2030.

Last year, Samsung Vietnam and the NIC signed an MoU to cooperate in implementing high-tech development activities for Vietnam's young generation.

In addition, Samsung and the National University of Hanoi also signed a cooperation agreement to train around 40 outstanding students of the university to become future leaders in the semiconductor field within four years.

Ho said that Samsung would continue to explore possibilities to expand cooperation with the NIC and support Vietnam in training human resources in the semiconductor industry. He emphasised that Vietnam's development was Samsung's development, and Samsung's development would contribute to the socioeconomic development of Vietnam.