Samsung prepares for investment in central Vietnam

Samsung and Viettel launched 5G commercial trials in Danang in December 2021. Photo courtesy of Samsung.
Samsung is doing homework for investing in Danang, central Vietnam's business hub, as the technology giant wants manufacture presence in all three parts of the country.
The Korean group's facilities currently include six factories in Ho Chi Minh City in the south and the northern provinces of Bac Ninh and Thai Nguyen, one R&D center in Hanoi, and one sales subsidiary.
Samsung Vietnam's General Director Choi Joo Ho, during his talks with Danang leaders on Friday, said Samsung was looking for investment opportunities in the central economic hub.
Samsung Electronics and Viettel, Vietnam’s largest telecom operator, initiated 5G commercial trials in Danang last December. The two companies are testing Samsung’s advanced 5G solutions, including baseband units and the 64T64R Massive MIMO radio, to power Viettel’s commercial network. They aim to capitalize on the increasing number of mobile users in the country, where its 4G infrastructure has covered a majority of the population.
Choi said the partnership with Viettel, together with a Samsung Vietnam member’s initial investment in Danang’s hospitality at present, is paving the way for further investments in the time to come.
This preparation follows the additional $920 million injected into the Samsung Electro-Mechanics Vietnam (SEMV) project in Thai Nguyen in February, raising the factory's total investment to $2.27 billion. The facility mainly manufactures and assembles mainboards, flexible printed circuit boards (FBCB), components and spare parts such as camera modules, power adapters, touch sensor modules, and linear motors.
The heavyweight has channeled a total of over $19.2 billion into the Southeast Asia country, 28 times higher than its initial commitment. Samsung mobile phones made in Vietnam account for 50 per cent of the group’s global output.
It posted $74.2 billion in total global revenue in 2021, a 14% rise year-on-year. The group enjoyed double-digit growth in last year’s export value, which hit $65.5 billion, soaring 16%, according to its financial report. The main lines are mobile devices, home electronics, and semiconductor products.
Samsung Electronics said in February it relocated two smartphone production lines from Vietnam’s Thai Nguyen province to its Gumi plant in South Korea to better cope with disruptions caused by the COVID-19 pandemic.
The group expects its $220 million R&D center in Hanoi, its largest in Southeast Asia, to open by end-2022 as construction has so far been over 60% complete. The facility will employ 3,000 engineers, focusing on R&D products, including technological developments such as 5G networks, artificial intelligence, Internet of Things, and Big Data, said Choi.
In the tech-savvy country, Samsung recently opened five new premium stores in HCMC and Hanoi. They follow the group’s high standards for design and safety, offering visitors an opportunity to test the latest Samsung mobile products, such as the Galaxy Tab A8 mid-range table, foldable devices like the Galaxy Z Fold 3, and wearables like the Galaxy Buds 2 and Galaxy Watch 4 series.
- Read More
What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?
NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.
Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7
Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026
Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.
Industries - Tue, September 16, 2025 | 3:54 pm GMT+7
Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex
A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.
Industries - Tue, September 16, 2025 | 2:44 pm GMT+7
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7
Sun Group, US Embassy foster aviation-hospitality cooperation
Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.
Companies - Mon, September 15, 2025 | 9:54 pm GMT+7
Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1
Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.
Companies - Mon, September 15, 2025 | 8:10 pm GMT+7
Central Vietnam to have new airport Mang Den
Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.
Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7
Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital
The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.
Economy - Mon, September 15, 2025 | 2:20 pm GMT+7
Agribank introduces sizable $4.17 bln preferential credit package
Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.
Companies - Mon, September 15, 2025 | 1:32 pm GMT+7