Vietnam praises South Korean conglomerates’ contributions

Vietnam’s National Assembly Chairman Tran Thanh Man used meetings in Seoul with leaders of Samsung and SK Group to praise South Korean investment and encourage more high-tech cooperation.

Meeting Roh Tae-moon, Samsung Electronics’ vice chairman and chief executive, Tran said Vietnam’s party, state, National Assembly and government valued Samsung’s substantial contributions and their broad spillover effects in Vietnam. South Korea is currently Vietnam’s largest foreign investor, with Samsung accounting for much of that investment.

Tran said the Politburo had issued a resolution on developing an economy with foreign investment. The government will use it as a basis for proposing new mechanisms and policies to the National Assembly, with the aim of attracting more investors across all sectors. Roh said Samsung would continue activities aligned with Vietnam’s development policies and increase investment in high-tech industries with strong technological content and high added value.

Tran also described SK Group as a reliable partner and highlighted its investments in clean energy, high technology, digital transformation and sustainable development. He encouraged the group to expand in strategic areas including semiconductors, artificial intelligence, innovation, renewable energy and emissions-reduction solutions. He also welcomed SK’s proposal for a Hanoi Forum focused on AI, semiconductors, energy and high technology, saying relevant agencies would study and coordinate the plan.

SK Chairman Chey Tae-won said Vietnam had very high growth potential and that investment in energy and AI could provide a foundation for stable, rapid growth. Earlier on September 8, Tran met Moon Jin-seok, chairman of the South Korea-Vietnam Friendship Parliamentary Group. Moon said he hoped bilateral trade would reach $150 billion by 2030.