Samsung Vietnam exports reached 335 billion dollars in 7 months

Mr. Choi Joo Ho reported to the Deputy Prime Minister on some results of Samsung Vietnam's business activities over time.

Accordingly, Samsung Vietnam currently has 6 manufacturing plants, 1 research and development center, with a total accumulated investment capital of 22. 8 billion USD.

The CEO of Samsung Vietnam expressed his appreciation for the The government Vietnam issued Decree No. 80/2024/ND-CP dated 3-7-2024, which regulates the direct purchase and sale of electricity (DPPA) mechanism between renewable energy power generation units with large customers using electricity.

According to Mr. Choi Joo Ho, Samsung Vietnam wishes to be facilitated to increase the use of electricity from renewable energy for production, at affordable and reasonable costs, contributing to implementing Vietnam's commitment to reduce net greenhouse gas emissions by zero (Net Zero) in 2050.

Deputy Prime Minister Tran Hong Ha emphasized that immediately after the DPPA mechanism was issued, the Prime Minister directed the Ministry of Industry and Trade to urgently review and issue criteria for selecting electricity projects from renewable energy connected to the national power grid to be included in the implementation plan of Power Plan 8, if it ensures system security, transmission capacity, economic efficiency. .

In addition, Vietnam will accompany and encourage enterprises to promote green transition, reduce carbon emissions through the development of regulations on emission limits, carbon credit market, carbon tax policy, green finance, land incentives. .

The Deputy Prime Minister suggested that foreign enterprises, including Samsung Vietnam, continue to make practical proposals and suggestions in order to immediately remove the difficulties and obstacles during the implementation of the DPPA mechanism; towards operating the Vietnamese electricity market under a full market mechanism.

The Deputy Prime Minister instructed the Ministry of Industry and Trade, Vietnam Electricity Corporation, relevant ministries and departments to continue working with Samsung Viet Nam on the recommendations made during the meeting.

Going forward, the deputy prime minister suggested that Samsung continue to invest in R&D centers and transition into new industries such as semiconductor chips.