Samsung opens its largest regional R&D center in Vietnam
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The US$220-million Samsung R&D Center in Hanoi, the Korean conglomerate’s biggest research facility in Southeast Asia, was inaugurated Friday.
The company said at the opening ceremony, with the new facility, Vietnam has now gone beyond its role as a global production hub for Samsung and become a strategic base for major research and development.
Construction of the 16-story facility began in March 2020.
Prime Minister Pham Minh Chinh said at the event that Samsung’s opening of the R&D Center in Vietnam is a testament to its orientation and commitment to long-term operation in Vietnam.sam
“Samsung is the largest foreign investor in Vietnam with total registered investment of nearly $20 billion.”
He added that its effective operation has made important contributions to Vietnam in terms of exports, jobs and taxes.
Tae-Moon Roh, Samsung Electronics president, hoped the center would nurture the best Vietnamese talent.
Samsung established its first smartphone factory in Vietnam in 2008 and has invested $18.2 billion so far. The figure could rise to $20 billion by the end of this year.
Around half of all Samsung smartphones are made in Vietnam.
Questions & Answers
Q.What is the primary purpose of the new Samsung facility in Hanoi?
What is the primary purpose of the new Samsung facility in Hanoi?
The new facility is Samsung's largest regional R&D center, intended to transform Vietnam into a strategic base for major research and development, moving beyond its previous role as just a production hub for the company.
Q.When did construction begin on this new R&D center?
When did construction begin on this new R&D center?
Construction of the 16-story Samsung R&D Center in Hanoi commenced in March 2020. The facility was officially inaugurated on Friday, as mentioned in the article.
Q.How much has Samsung invested in Vietnam overall?
How much has Samsung invested in Vietnam overall?
Samsung is the largest foreign investor in Vietnam, with a total registered investment of nearly $20 billion. The company has invested $18.2 billion so far, a figure that could reach $20 billion by the end of this year.
Q.When did Samsung first establish its manufacturing presence in Vietnam?
When did Samsung first establish its manufacturing presence in Vietnam?
Samsung established its first smartphone factory in Vietnam in 2008. Since then, the company has significantly expanded its operations and investments in the country.
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