(VOVworld) –At a reception for Shin Jong-kyun, CEO and President of Samsung Electronics, in Hanoi on Wednesday, Prime Minister Nguyen Xuan Phuc asked for a larger investment by Samsung in building research centers. Phuc promised that the Vietnamese government will create favorable conditions for Samsung and other foreign investors, adding that Samsung’s successful operation in Vietnam is a lever for the Vietnam-South Korea strategic partnership. The Prime Minister said he supports Samsung Group’s continuing investment in Vietnam in electronics, energy, sea ports, health care, infrastructure, science, and technology.

Prime Minister Nguyen Xuan Phuc poses with Shin Jong-kyun, CEO and President of Samsung Electronics, and other businesses (Photo: VNA)

President Shin said Samsung will export 200 million mobile phones this year and that Vietnam should adopt a new strategy to catch up with global IT and telecommunications development. He pledged to abide by Vietnam’s laws on investment, business, and welfare for workers.

The same day, Prime Minister Phuc met with US businesses, led by William Weidner, Chairman and CEO of Global Gaming Asset Management and Principal of Weidner Holdings. Phuc promised the best possible conditions for foreign investors and expressed his hope for stronger Vietnam-US cooperation in economics, trade, and investment.

Weidner said US senators support US enterprises operating in Vietnam. US businesses want to build a modern trade center in Ho Chi Minh city, Weidner said, and that new opportunities created by the TPP deal will make it an investment attraction gateway.