South Korean electronics giant Samsung is set to expand into new areas in Vietnam such as AI, semiconductors and digital transformation.
CEO Choi Joo Ho told Prime Minister Pham Minh Chinh at a meeting in Hanoi on Wednesday that the largest foreign direct investor in Vietnam expects support from the government in making investments in these areas.
Samsung has so far invested $23.2 billion in Vietnam and exported $54.4 billion worth of products last year.
Chinh promised continued support for the company in investing in efficient and successful businesses in Vietnam.
Samsung needs to continue to maintain its leading position by developing supporting industries, chips, semiconductors and promoting digital transformation in Vietnam, he added.
The government targets 8% GDP growth this year and double-digit expansion in the coming years.
To achieve the goals, it needs to improve the investment environment and foster strategic breakthroughs.
Chinh urged Samsung to set up training centers at the National Innovation Center, increase its investment in Vietnam and support start-up and innovation activities.
He also suggested that the company should have more Vietnamese executives and increase the number of local digital technology enterprises in its ecosystem.
