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Samsung to pour billions of dollars in Vietnam

May 29th at 09:39
29-05-2014 09:39:57+07:00

Samsung to pour billions of dollars in Vietnam

The Republic of Korea (RoK) Samsung Group is committed to pumping billions of dollars into the construction of large-scale thermal power plants, shipyards, airports and petrochemical plants in Vietnam.

The statement was made by CEO Shin Kim of the Samsung Group Global Strategy Office on May 27 at a meeting with Deputy Prime Minister Hoang Trung Hai in Hanoi.

CEO Shin Kim accentuated the Vietnam Government’s support and commitment to improving the attractiveness of the country’s investment environment.

Samsung Group was seeking authorisation to invest in a Vung Ang 3 thermal power plant project, a shipbuilding factory, Long Thanh airport and Long Son refinery petro-chemical project in the central Khanh Hoa province.

Company officials expressed their strong desire to diversify and expand future investment in other fields such as infrastructure and heavy industry in Vietnam.

For his part, the deputy PM spoke highly of the Republic of Korea’s leading group’s wish to boost investment in Vietnam. He affirmed that the Vietnamese Government's willingness to create the most favourable conditions for foreign businesses to invest and do business in Vietnam.

vietnamnet

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