Deputy Prime Minister Tran Hong Ha and General Director of Samsung Vietnam Choi Joo Ho – Photo: VGP/MK
The Deputy Prime Minister highly appreciated the important and pioneering role of Samsung Vietnam in the economic cooperation relationship between Vietnam and Korea in general and the business community of the two countries in particular, as well as the process of digital and green economic transformation in Vietnam.
At the reception, Mr. Choi Joo Ho reported to the Deputy Prime Minister on some business results of Samsung Vietnam in the past time.
Currently, Samsung Vietnam has 6 manufacturing plants and 1 research and development center, with a total investment capital of 22.8 billion USD. The export turnover of Samsung Vietnam from January 2024 to July 2024 reached 33.5 billion USD, up 5% over the same period.
Highly appreciating the fact that the Government of Vietnam has issued Decree No. 80/2024/ND-CP dated July 3, 2024, stipulating the mechanism for direct power purchase agreements (DPPA) between renewable energy generators and large power consumers, Mr. Choi Joo Ho said that Samsung Vietnam hopes to be facilitated to increase the proportion of electricity use from renewable energy sources for production, with reasonable prices and costs, contributing to the realization of Vietnam’s commitment to net zero emissions by 2050.
Deputy Prime Minister Tran Hong Ha suggested that foreign enterprises, including Samsung Vietnam, continue to make practical proposals and recommendations in the process of implementing the DPPA mechanism – Photo: VGP/MK
Deputy Prime Minister Tran Hong Ha emphasized that right after the DPPA mechanism was issued, the Prime Minister directed the Ministry of Industry and Trade to urgently review and issue criteria for selecting renewable energy power projects with connection to the national grid to be included in the Power Planning Implementation Plan 8 if they ensure system safety, transmission capacity, and economic efficiency… As for renewable energy power projects that are not connected to the national grid, there is no limit on capacity.
In addition, Vietnam will accompany and encourage enterprises to promote green transition and reduce carbon emissions through the development of regulations on emission limits, carbon credit market, carbon tax policy, green finance, land incentives, etc.
The Deputy Prime Minister suggested that foreign enterprises, including Samsung Vietnam, continue to make practical proposals and recommendations to immediately remove difficulties and obstacles in the process of implementing the DPPA mechanism, towards operating the Vietnamese electricity market according to a full market mechanism.
The Deputy Prime Minister assigned the Ministry of Industry and Trade, Vietnam Electricity (EVN), and relevant ministries and branches to continue working with Samsung Vietnam on the proposals mentioned during the reception.
In the coming time, the Deputy Prime Minister suggested Samsung continue to pay attention to and invest in research and development centers and technology transfer in new industries such as semiconductor chips.
Deputy Prime Minister Tran Hong Ha inspects and accelerates the progress of two key infrastructure projects, strategic in nature.
On the morning of February 17th, Deputy Prime Minister Tran Hong Ha and his delegation conducted an inspection of the construction progress of the Diễn Châu-Bãi Vọt expressway section, part of the Bac-Nam Eastward highway project phase 2017-2020, and the 500 kV Quảng Trạch-Quỳnh Lưu power line, part of the 500 kV circuit 3 Quảng Trạch-Phố Nối power line project.
Deputy Prime Minister: ‘I believe Cam Lam will create new miracles’
According to Deputy Prime Minister Tran Hong Ha, Cam Lam – Khanh Hoa will create new miracles, new values, outstanding, vibrant, creative, aspiring, ambitious, prosperous, and prosperous.
Samsung, the giant tech company, to invest an additional $1 billion annually in Vietnam, after pouring in more than $22.4 billion over the past 17 years.
In 2023, the global economy continues to face challenges and the global mobile phone market has shrunk, which has affected Samsung’s business operations. The Samsung Group’s export revenue in Vietnam reached 55.7 billion USD.
Parliamentary pilot project for commercial housing through agreement
The Prime Minister appointed the Ministry of Natural Resources and Environment to lead and coordinate with relevant ministries and agencies in developing a plan to propose to the Parliament for the pilot implementation of the commercial housing project through the agreement on land use rights.
