Over the past decade, Samsung has been living up to its promise to take care of its second home of Vietnam with social responsibility activities to promote the development of Vietnamese people and communities. Samsung has done much for localities and people across Vietnam Nguyen Duy Thanh was born and raised in Chau Thanh district, Ben Tre province, a peaceful land over 90 kilometres from Ho Chi Minh City. Three years ago, he was a quiet young man with a burning passion for IT. Since returning from the WorldSkills Competition 2015 in Brazil where he became the first Vietnamese contestant to win a bronze medal in Information Technology Software Solutions since the country first took part in the competition in 2007, Thanh is now more virile, mature, animated, and is currently one of the outstanding employees of Samsung’s Vietnam Mobile Research and Development Centre (SVMC). Following that first bronze medal for Vietnam in 2015, … [Read more...] about Social activities at heart of Samsung
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Bảo Việt is Việt Nam’s largest life insurer with nearly 200,000 employees and life planners at its 75 branches across the country. — VNA/VNS PhotoViet Nam News HÀ NỘI — Samsung Life Insurance is seeking to make inroads into Việt Nam through an equity investment in Bảo Việt Life, the country’s largest life insurer, Koreatimes reports. South Korea’s largest life insurer said Tuesday it is in talks with Bảo Việt Life to acquire some of the Vietnamese firm’s shares. It is the seventh-largest listed company in Việt Nam. "We can’t comment on details at this point, but it is true the discussion is underway with Bảo Việt," said a Samsung Life Insurance official. "There are hurdles to be addressed regarding some legal issues with the Vietnamese government." Bảo Việt is Việt Nam’s largest life insurer with nearly 200,000 employees and life planners at … [Read more...] about Samsung Life seeks to acquire shares in Việt Nam’s largest insurer
Samsung finds itself in hot water with its last year overly wrought with exploding mobile phones and political scandals. Will this affect the group’s plans in Vietnam? Currying favour Samsung heir Lee Jae-Yong allegedly had a key role in the South Korean corruption scandal Samsung heir Lee Jae-Yong had a less-than-ideal Valentine’s day this year, as Seoul prosecutors looking into the recent bribery allegations brought against him announced intentions to make a second attempt to arrest him. The scandal centres on impeached South Korean President Park Geun-Hye’s confidante Choi Soon-Sil, who is accused of using her ties to the president to strong-arm local firms to “donate” nearly $70 million to two non-profit foundations, which Cho allegedly used for personal gain. As reported before, Samsung was the single biggest donor, giving millions of euros to Choi and her daughter, allegedly in exchange for policy favours from Park in return. … [Read more...] about Fate of Samsung’s investments in Vietnam questionable?
Viet Nam News HÀ NỘI — Prime Minister Nguyễn Xuân Phúc urged Samsung to expand investment in Việt Nam not only in the field of assembly of electronic products but also to improve its technological development and to manufacture new generation technology products. Phúc spoke as he received Koh Dong Jin, President and CEO of IT and Mobile Communications and Executive Director of Samsung Electronics in Hà Nội on Friday. “Việt Nam is proud of the presence of Samsung and thanks to Samsung, Việt Nam has become the leading mobile phone manufacturing center in the world,” he said. He affirmed that the Việt Namese Government applauded South Korean investors, especially Samsung Group, and pledged to create more favourable conditions for foreign investors in the country. The PM sent his congratulations to Samsung Group for celebrating the 10th anniversary of Samsung Electronics Việt … [Read more...] about Samsung urged to lift investment
Shim Won Hwan, president of Samsung Electronics Vietnam Complex As the first president of Samsung Electronics Vietnam Complex, it is absolutely reasonable to honour you as one of the leaders paving the way for the corporation’s development over the past 10 years in this country. Looking back on Samsung’s path to success in Vietnam, are you satisfied with what you and the corporation have accomplished for the country so far? Looking back at the beginning of the journey, in 2008 when Samsung started to invest heavily in Vietnam, we can confidently say that we have obtained numerous important achievements, despite a large number of difficulties. Considering the scale of investment capital, production value, turnover, export turnover or labour recruitment, statistics are have increased multiple times compared with the starting point. The most noteworthy point, however, is probably that Samsung—as a global business—has invested heavily in Vietnam, reaped … [Read more...] about Samsung: We have fulfilled all our promises to Vietnam