Samsung should continue pioneering role in Vietnam’s green transition: Deputy PM
South Korean tech giant Samsung should continue its pioneering role in Vietnam’s transition to a digital and green economy, said Deputy Prime Minister Tran Hong Ha while hosting general director of Samsung Vietnam Choi Joo Ho in Hanoi on Monday.
Vietnamese Deputy Prime Minister Tran Hong Ha receives general director of Samsung Vietnam Choi Joo Ho in Hanoi, August 12, 2024. Photo courtesy of the government's news portal.
“Vietnam will accompany and encourage businesses to step up green transition and reduce carbon footprints through developing regulations on emission limits, carbon credit market, carbon tax, green finance and land incentives,” Ha noted.
He suggested foreign firms, including Samsung Vietnam, to propose the Vietnamese government measures to remove bottlenecks in the execution of the Direct Power Purchase Agreement (DPPA) rules, with a view to operating the electricity market in line with the market mechanism.
Samsung Vietnam was also asked to continue landing investments in its research and development (R&D) center and promoting technology transfer in emerging industries like semiconductors.
For his part, Choi spoke highly of the Vietnamese government’s issuance of Decree No. 80 featuring the DPPA mechanism between renewable energy generators and large customers.
He said his firm hopes for more favourable conditions to increase the use of renewable power at rational costs, contributing to the country’s commitment to cutting emissions to net zero by 2050.
Briefing the host on his company’s business operation, Choi said Samsung Vietnam owns six production facilities and one R&D center with total investment of $22.8 billion. It shipped $33.5 billion worth of products abroad during January-July, up 5% year-on-year.
- Related News
- Read More
46% of Vietnamese businesses struggle to attract talent: study
A recent study by Anphabe, a leading HR consulting firm in Vietnam, showed that 46% of Vietnamese businesses face challenges in attracting talent with the right skill sets, often due to cultural barriers and a fear of innovation.
Companies - Sun, August 3, 2025 | 11:42 pm GMT+7
HCMC aims to establish battery recycling center, join global green supply chain: chairman
Ho Chi Minh City is planning to establish an electric vehicle battery recycling center - positioning itself as a crucial link in the global green economy supply chain, said Chairman of the municipal People’s Committee, Nguyen Van Duoc.
Economy - Sun, August 3, 2025 | 11:23 pm GMT+7
Vietnam greenlights expansion of North-South Expressway’s eastern wing via PPP model
The Vietnamese government has approved the expansion of the eastern wing of the North-South Expressway using the public-private partnership (PPP) model, according to a statement from the Government Office.
Infrastructure - Sun, August 3, 2025 | 12:11 pm GMT+7
Vingroup chairman injects $687 mln into EV maker VinFast in Q2
Billionaire Pham Nhat Vuong, chairman of Vietnamese conglomerate Vingroup, poured VND18 trillion ($686.5 million) into the group’s EV subsidiary VinFast in the second quarter of 2025, raising the total in the first half to VND23 trillion.
Companies - Sun, August 3, 2025 | 10:57 am GMT+7
Vietnam to launch int’l financial center in HCMC, Danang by late 2025
Vietnam is set to put its first international financial center (IFC), located in both Ho Chi Minh City and Danang, into operation by the end of this year.
Finance - Sun, August 3, 2025 | 9:27 am GMT+7
Former Techcombank exec appointed CEO of technology major One Mount Group
Phung Quang Hung, former deputy CEO of Techcombank, has been appointed CEO of One Mount Group, a technology ecosystem in Vietnam.
Companies - Sun, August 3, 2025 | 8:00 am GMT+7
Consumer finance major F88 to trade on Vietnam's unlisted public companies market next Friday
F88 Investment JSC (F88), a leading consumer finance company in Vietnam, will float its over 8.26 million shares on the Unlisted Public Companies Market (UPCoM) on August 8, with a reference price of VND634,900 ($24.2) apiece.
Finance - Sat, August 2, 2025 | 11:14 pm GMT+7
Vietnam's manufacturing sector returns to growth after 4 months as new orders rise
Despite further export weakness due to U.S. tariffs, the Vietnamese manufacturing sector returned to growth in July as a renewed expansion in new orders supported a faster rise in production, according to S&P Global.
Economy - Sat, August 2, 2025 | 3:07 pm GMT+7
SCG-backed $5.4 bln petrochemical complex in southern Vietnam set to restart in late August
The $5.4 billion Long Son Petrochemicals Complex (LSP) in southern Vietnam may resume operations as early as late August or early September following a nearly one-year hiatus.
Industries - Sat, August 2, 2025 | 1:22 pm GMT+7
Draft resolution on piloting digital asset market in Vietnam to be submitted in August
A draft resolution on piloting Vietnam’s digital asset market is being finalized and expected to be submitted to the government within August, according to a State Securities Commission (SSC) official.
Finance - Sat, August 2, 2025 | 12:35 pm GMT+7
LNG, offshore wind power developers in Vietnam seek policy support to overcome obstacles
As the implementation of LNG and offshore wind power projects remains challenging while enormous investment capital is required, developers definitely need strong support policies and mechanisms, said insiders.
Energy - Sat, August 2, 2025 | 8:47 am GMT+7
US imposes 20% reciprocal tariffs on imports from Vietnam: trade ministry
U.S. President Donald Trump on Thursday signed an executive order imposing new reciprocal tariffs on imports from 69 countries and territories, with rates ranging from 10% to 41%. Vietnam was hit with a 20% levy.
Economy - Fri, August 1, 2025 | 5:47 pm GMT+7
Profit of Vietnam’s top construction contractor Coteccons hits 5-year high in fiscal year 2025
Ho Chi Minh City-headquartered construction giant Coteccons reported a post-tax profit of VND454 billion ($17.32 million) for the 2025 fiscal year (from Q3/2024 to Q2/2025), up 47% year-on-year.
Companies - Fri, August 1, 2025 | 4:58 pm GMT+7
Italian energy giant ENI eyes more bioenergy opportunities in Vietnam
Vietnam wishes to see Italian group ENI expand its investment and partnerships with domestic stakeholders in line with the country's green transition, particularly in the area of carbon capture, utilization and storage (CCUS), said Deputy Minister of Industry and Trade Nguyen Hoang Long.
Energy - Fri, August 1, 2025 | 1:50 pm GMT+7
Vietnam's tech heavyweight FPT exec dies at 57
Hoang Nam Tien, vice chairman of FPT University Council and former chairman of FPT Telecom and FPT Software, both under Vietnam's leading IT corporation FPT, died from a stroke on Thursday, aged 57.
Companies - Fri, August 1, 2025 | 11:21 am GMT+7
Vietnam Airlines’s 6-month profit surpasses full-year target by over 20%
After the first six months of the year, national flag carrier Vietnam Airlines had completed more than half of the year's revenue plan and exceeded the year's profit target by 20.3%.
Companies - Fri, August 1, 2025 | 11:10 am GMT+7
