Samsung Vietnam has asked the government for a renewable energy pilot project that will enable the company to buy electricity directly from producers, instead of through the monopoly distributor Vietnam Electricity.

As the country faces an unexpected economic crisis, industrial zones are reeling to protect enterprises vulnerable to diseases, especially those labour-intensive businesses that play an important role in the nation’s exports.

Samsung Vietnam has announced the commencement of construction on a new 220 million USD research and development (R&D) centre in Vietnam, with completion scheduled for late 2022.

The targeted companies include Samsung Vietnam, Grab, Sun Group, Yamaha, Shopee, VNG, Huawei Vietnam, among others.

Hanoi will create optimal conditions for the licensing and construction of a new research and development (R&D) centre of Samsung Vietnam, Chairman of the municipal People’s Committee Nguyen Duc Chung has said.

 No one element of an investment attraction policy determines success.

 VietNamNet Bridge – Samsung Viet Nam’s turnover in 2016 touched US$46.3 billion, while its exports reached $39.9 billion, rising 9.9 per cent compared to 2015, despite the Galaxy Note 7 recall.

The Ministry of Planning and Investment and other relevant ministries and the authorities of Hanoi have basically agreed to Samsung Vietnam's asking for incentives for developing its $300 million R&D centre in Hanoi.

  The Samsung group will add 600 million USD to the 1.4-billion-USD Samsung HCMC CE Complex (SEHC) at Ho Chi Minh City-based Saigon Hi-tech Park (SHTP).

 Samsung Electronics CE Complex JSC has submitted a proposal to the Prime Minister, relevant ministries and departments, seeking preferential treatment for its Samsung CE Complex project.

 VietNamNet Bridge - Besides electronics, Samsung Group also invests in industry, infrastructure, transportation, shipping, and real estate in Vietnam, reports the Ministry of Planning and Investment.

 VietNamNet Bridge – A Samsung Vietnam official has asserted that its $2 billion project in Thai Nguyen will continue and Samsung does not intend to move its factories from China to Vietnam.