Built since March 2020 at a total cost of $200 million, the Hanoi facility will become the largest of its kind in Southeast Asia and one of 18 Samsung R&D centers in the world.
Prime Minister Pham Minh Chinh attended an inauguration ceremony for the Samsung R&D Center in Hanoi on December 23.
Construction began in March 2020 at a total cost of $200 million, with the 16-story facility covering a total of 11,603 sq m in Hanoi’s West Lake Urban Area. It will be the largest of its kind in Southeast Asia and one of 18 Samsung R&D centers globally.
Samsung plans to research and develop smartphones, tablets, and hardware and software at the facility, employing about 3,000 workers.
Half of its total global supply of mobile phones are produced in Vietnam, and it is also developing and testing software for mobile devices and networks in the country.
Prime Minster Chinh asked Samsung to consider Vietnam an important and global strategic base in terms of production and R&D.
He hailed it as the largest South Korean investor and the largest foreign investor in Vietnam, with total registered capital of nearly $20 billion.
The launch of the R&D center in Hanoi is evidence of Samsung’s orientation and commitment to long-term operations in the country, he said, adding that it is also a good start in delivering its close-end production chain in electricity and electronics in Vietnam.
(VnEconomy).
