Logo of Phnom Penh Post newspaper Phnom Penh Post - Samsung heir flies to VN for meeting on mobile expansion

Samsung heir flies to VN for meeting on mobile expansion

Content image - Phnom Penh Post
Samsung Electronics Vice Chairman Lee Jae-yong arrives at Gimpo International Airport in Seoul on Monday following his business trip to Europe on Wednesday. Yonhap

Samsung heir flies to VN for meeting on mobile expansion

Samsung Electronics vice-chairman Lee Jae-yong on Monday flew to Hanoi to hold a meeting with the Vietnamese prime minister and discuss possible additional investment plans in the country.

The South Korean tech giant’s heir apparent is visiting the country for the first time since October 2018.

Samsung’s smartphone business chief Roh Tae-moon and display unit head Lee Dong-hoon joined Lee on the trip.

Lee will meet with Prime Minister Nguyen Xuan Phuc on Tuesday. Whether the two would discuss new investment plans remains to be seen.

Last year, the Vietnamese leader asked Samsung’s Lee to build a semiconductor plant in the Southeast Asian country during his visit to Seoul.

However, considering the members of the latest trip, Samsung might be considering increasing investments related to the mobile device business there rather than the chip business.

Asked on the possibility of making new investments in the country, Roh said: “We will go and see there.”

The Samsung executives are also expected to inspect a research and development centre under construction in Hanoi as well as the smartphone manufacturing site there.

Vietnam is one of countries that have adopted a fast-track entry programme for Korean businesspeople, exempting them from its mandatory self-isolation against Covid-19.

Samsung is producing over 90 per cent of smartphones in Vietnam.



  • Without shoes or a helmet, a young cyclist steals the show

    Pech Theara gripped the curved handlebars of his rusty old bike, planted his bare feet on its pedals and stormed as fast as he could towards the finish line. The odds were against him as the 13-year-old faced off against kids with nicer bikes at

  • Phnom Penh-Sihanoukville expressway on schedule

    The construction of the more than $1.9 billion Phnom Penh-Sihanoukville Expressway has not been delayed despite the Covid-19 pandemic, with more than 26 per cent of the project completed and expected to finish in about two years, according to Ministry of Public Works and Transport secretary of

  • Singapore group seeks $14M in damages from PPSP over ‘breach of contract’

    Singapore-based Asiatic Group (Holdings) Ltd is seeking a minimum of $14.4 million relief from Cambodia Securities Exchange (CSX)-listed Phnom Penh Special Economic Zone Plc (PPSP) for allegedly breaching a power plant joint venture (JV) agreement. Asiatic Group’s wholly-owned Colben System Pte Ltd and 95 per

  • Over 110 garment factories close

    A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. Ministry of Labour and Vocational Training undersecretary

  • PM dispels lockdown rumours, gifts masks

    Prime Minister Hun Sen on November 12 denied rumours that he will lock down the country in response to increased Covid-19 fears, referring to them as propaganda aimed at destabilising the country. In a Facebook post, he said some people had spread rumours that the government

  • SilkAir adds flight to Phnom Penh schedule

    Silkair (Singapore) Pte Ltd is increasing its flight frequency between Phnom Penh and Singapore with a third weekly flight on Saturdays, according to Cambodia Airports’ Facebook page. The other flights offered are on Tuesdays and Sundays, with an estimated Phnom Penh arrival time at 5:35pm