Samsung has invested nearly $18 bln in Vietnam
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Samsung has invested $17.74 billion in Vietnam in the last 24 years, 29 percent of it in the last five.
With eight manufacturing and research facilities in the country, the South Korean electronics giant achieved revenues of nearly $60.5 billion in the first 10 months of this year, Samsung Vietnam CEO Choi Joo Ho told Deputy Prime Minister Le Minh Khai at a meeting in Hanoi Monday.
It marked a 15 percent year-on-year rise despite the challenges to keeping factories going and sourcing parts amid Covid-19, he said.
Exports accounted for nearly 89 percent of the revenues, he added.
The company is building a $220-million research and development center in Hanoi, the first of its kind outside of its home country.
Questions & Answers
Q.What proportion of Samsung's total investment in Vietnam has occurred in the last five years?
What proportion of Samsung's total investment in Vietnam has occurred in the last five years?
Of the total $17.74 billion Samsung has invested in Vietnam over 24 years, 29 percent of this investment has taken place within the most recent five-year period, according to the article.
Q.How many manufacturing and research facilities does Samsung currently operate in Vietnam?
How many manufacturing and research facilities does Samsung currently operate in Vietnam?
Samsung operates eight manufacturing and research facilities across Vietnam. These facilities contribute to its significant revenues and export figures from the country.
Q.What was the total revenue Samsung achieved in Vietnam during the first 10 months of this year?
What was the total revenue Samsung achieved in Vietnam during the first 10 months of this year?
Samsung's operations in Vietnam generated revenues of nearly $60.5 billion in the first 10 months of this year. This figure represents a 15 percent year-on-year increase despite challenges.
Q.Where is Samsung building its new research and development center in Vietnam?
Where is Samsung building its new research and development center in Vietnam?
Samsung is currently constructing a new $220-million research and development center in Hanoi. This facility is notable for being the first of its kind outside of Samsung's home country.
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