Samsung executive to visit Vietnam for investment expansion plans
VietReader 18-10-2020, 17:00
Samsung executive to visit Vietnam for investment expansion plans
Samsung Electronics Vice Chairman Lee Jae-yong is said to seek support for the company’s operation during the Vietnam visit. (Photo: Yonhap).

Korean news agency Yonhap quoted industry sources as saying Lee will depart for Hanoi on October 20 and probably meet Vietnamese Prime Minister Nguyen Xuan Phuc to discuss investment plans.

He is expected to inspect Samsung’s research and development center under construction in Hanoi, as well as the company’s plants there, according to Yonhap.

Lee, the de facto leader of Samsung, visited Vietnam in 2018 to inspect the company’s key smart phone production lines. He met with Vietnamese government and industry officials during the visit.

Samsung runs its largest offshore smartphone production facilities in Vietnam.

In September 2020 Samsung announced it will shift its sole TV production factory from China’s Tianjin city to Vietnam, Mexico, Hungary, Egypt, and several other potential venues in an effort to make its global production more efficient.