This photo taken on April 8, 2025 shows a man riding an electric motorbike past the logo of Samsung Electronics on a billboard in Bac Ninh province. Seeking low wages, South Korean tech giant Samsung Electronics has built factories in Vietnam for years, with nearly half its high-end mobile phones now put together in the South-East Asian country. - AFP
SEOUL/HANOI: When Samsung Electronics chairman Jay Y. Lee met Vietnam's prime minister in July, he had a simple message to convey. "Vietnam's success is Samsung's success, and Vietnam's development is Samsung's development," Lee told Pham Minh Chinh, pledging long-term investment to make the country its biggest manufacturing base for display products.
Since the South Korean conglomerate entered Vietnam in 1989, it has poured billions of dollars into expanding its global manufacturing footprint beyond China. Many of its peers followed after US President Donald Trump placed tariffs on Chinese goods in his first term.
