Samsung Expands Investment in Vietnam

With the success of Samsung Electronics in Vietnam, many other members of the Group has also interested in expanding investment in Vietnam in such fields as energy, insurance.

As reported by the General Director of Samsung Vietnam, the business activities of Samsung Electronics have performed well. Until May 2015, the total workforce working in the factories of Samsung in Bac Ninh and Thai Nguyen are more than 100,000 people. Due to many new models and more phone lines with more orders, Samsung Vietnam has recruited many more manpower. Currently, the total workforce working for the Samsung factory in Bac Ninh and Thai Nguyen are more than 110,000 people.

Not only focusing on production development, Samsung is still very focused on research and development (R&D). Currently, Samsung Vietnam has one R&D center located in Hanoi with over 1,400 employees.

The Samsung investment panorama in Vietnam is very impressive. Samsung has invested in Bac Ninh and Thai Nguyen from 2009, up to now, the total investment is approximately 7 billion USD. As of July 2015, the total export value of Samsung in Vietnam reached 26 billion USD, contributing to the development of Vietnam. Samsung has created jobs for more than 100,000 people.

Recently, Bac Ninh has granted investment certificate of expansion project for Samsung Display Company Ltd Vietnam with total investment capital of 3 billion USD, investing in the factory that is specialized in research and development, manufacturing of new generation monitors with high resolution for mobile devices…

ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:

• Market Entry
• Tax Advice
• Legal Advice

We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.