Samsung builds large research center in Vietnam

Samsung Electronics will invert $220 million in a new research and development center in Vietnam, the South Korean tech giant’s local unit said on March 2, according to Reuters.

Construction of the center in Hanoi will be completed by the end of 2022, Samsung Vietnam said in a statement, adding that the center will employ between 2,200 and 3,000 people.

The center as planned would be the largest of its kind in Southeast Asia and will enhance the company’s research capability in such areas as artificial intelligence, internet of things, big data and 5G, it said.

The Vietnamese government earlier on March 2 officially announced the commencement of the building of the R&D center.

Vietnam’s exports of smartphones and spare parts, mostly produced by Samsung Electronics, rose 4.4 per cent last year to $51.38 billion, according to government customs data.

Samsung is the single largest foreign investor in Vietnam, with investments totaling $17 billion.



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Samsung Electronics will invert $220 million in a new research and development center in Vietnam, the South Korean tech giant’s local unit said on March 2, according to Reuters. Construction of the center in Hanoi will be completed by the end of 2022, Samsung Vietnam said in a statement, adding that the center will employ between 2,200 and 3,000 people. The center as planned would be the largest of its kind in Southeast Asia and will enhance the company’s research capability in such areas as artificial intelligence, internet of things, big data and 5G, it said. The Vietnamese government earlier...

Samsung Electronics will invert $220 million in a new research and development center in Vietnam, the South Korean tech giant’s local unit said on March 2, according to Reuters.

Construction of the center in Hanoi will be completed by the end of 2022, Samsung Vietnam said in a statement, adding that the center will employ between 2,200 and 3,000 people.

The center as planned would be the largest of its kind in Southeast Asia and will enhance the company’s research capability in such areas as artificial intelligence, internet of things, big data and 5G, it said.

The Vietnamese government earlier on March 2 officially announced the commencement of the building of the R&D center.

Vietnam’s exports of smartphones and spare parts, mostly produced by Samsung Electronics, rose 4.4 per cent last year to $51.38 billion, according to government customs data.

Samsung is the single largest foreign investor in Vietnam, with investments totaling $17 billion.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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