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.