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VFF President visits Samsung Electronics Thai Nguyen

(VOV) – Vietnam Fatherland Front (VFF) Central Committee President Nguyen Thien Nhan on August 15 visited Samsung Electronics Vietnam Thai Nguyen (SEVT) in Thai Nguyen province to survey the company’s operations.

Nhan highlighted the achievements made by Samsung Vietnam and the group’s factory in Thai Nguyen. He affirmed that the group’s success was vivid proof of the solid strategic partnership between Vietnam and the Republic of Korea (RoK).

The investment in the construction a modern production factory with state-of-the-art machinery and equipment in Thai Nguyen along with a housing area providing social welfare programmes has contributed significantly to the improvement of workers’ living conditions.

He expressed his wish that SEVT will continue to promote its achievements and initiatives and become an exemplary model company for other foreign-invested businesses in Vietnam to emulate.

Since the factory in Thai Nguyen was put into production in March, it has produced over 6 million mobile phones with revenue reaching US$2.6 billion through and including July. The company is expected to generate US$8 billion in gross sales by the end of 2014 and some US$12 billion in 2015.

At present, the company’s revenue comprises 95% of the province’s total export turnover and it exports products to 52 nations and territories around the globe, making it Samsung Group’s second largest mobile phone factory.

The number of workers in the factory is expected to increase to 22,000 late this year from its current number of around 16,000.


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