It includes artificial intelligence, self-driving cars and biopharmaceuticals, as it searches for ways to drive future growth. The investment will be primarily led by Samsung Electronics, the world's biggest maker of memory chips, which has faced a string of setbacks in recent years, including a fall in smartphone sales and a corruption scandal that saw its vice-chairman Lee Jae-yong jailed last year. Although demand for its memory chips remains robust, the market for its smartphones appears to have hit a wall, prompting the company to search for fresh growth opportunities. "Samsung expects innovations powered by AI technology will drive the industry's transformation, while the next-generation 5G telecommunications technology will create new opportunities in autonomous driving, the Internet of Things (IoT) and robotics," the company said in a statement. The $22 billion is part of a total of 180 trillion won ($161 billion) that the group plans to invest over the next three years across … [Read more...] about Samsung to invest billions in new tech to drive fresh growth
The samsung family hub refrigerator
Samsung helps turn Vietnam into world leading cellphone manufacturer: PM
Phuc made his remark at a reception for President and CEO of the Republic of Korea’s Samsung Electronics Co., Ltd. Dongjin Koh in Hanoi on April 20. Prime Minister Nguyen Xuan Phuc (R) presents a souvenir to Dongjin Koh, President and CEO of the Samsung Electronics Co., Ltd. Expressing his delight at fruitful growth of Vietnam – Republic of Korea ties across all fields, the PM hailed Samsung’s achievements and contributions to Vietnam’s economic development. He said the Vietnamese Government highly values efforts made by RoK investors, particularly Samsung, in maintaining their top position among foreign investors in Vietnam for years. Samsung’s cooperation, investment and production are important to the two countries’ strategic partnership, PM Phuc added, saying Vietnamese relevant agencies will continue creating the best possible conditions for the group’s operation. He requested the company to implement its research and … [Read more...] about Samsung helps turn Vietnam into world leading cellphone manufacturer: PM
Samsung helps turn VN into world leading cellphone manufacturer: PM
Prime Minister Nguyen Xuan Phuc (R) presents a souvenir to Dongjin Koh, President and CEO of the Samsung Electronics Co., Ltd. (Photo: VNA) Hanoi (VNA) – Vietnam is proud to host Samsung’s presence, which has turned the country into a leading cellphone manufacturer in the world, stated Prime Minister Nguyen Xuan Phuc. PM Phuc made his remark at a reception for President and CEO of the Republic of Korea (RoK)’s Samsung Electronics Co., Ltd Dongjin Koh in Hanoi on April 20. Expressing his delight at fruitful growth of Vietnam-RoK ties across all fields, the PM hailed Samsung’s achievements and contributions to Vietnam’s economic development. He said the Vietnamese Government highly values efforts made by RoK investors, particularly Samsung, in maintaining their top position among foreign investors in Vietnam for years. Samsung’s cooperation, investment and production are important to the two countries’ strategic partnership, PM Phuc … [Read more...] about Samsung helps turn VN into world leading cellphone manufacturer: PM
Samsung mulls many major projects in Vietnam
Samsung mulls many major projects in VietnamTu Hoang By Tu Hoang - The Saigon Times Daily HANOI – Samsung is expected to increase its registered capital in Vietnam to US$20 billion in 2017 if the South Korean giant’s planned projects go as planned, according to a recent report of the Ministry of Planning and Investment. The report, which the ministry submitted to the Government, said Samsung has registered an additional investment of US$5.4 billion this year, accounting for 31% of total foreign direct investment (FDI) approvals as of last month. With the fresh investment pledge, Samsung is now the biggest foreign investor in Vietnam with accumulated capital commitments amounting to over US$12.6 billion. Samsung is currently working on a number of major infrastructure projects in the country. Samsung C&T has signed a memorandum of understanding with the Ministry of Industry and Trade to develop Vung Ang 3 thermal power plant in Ha Tinh Province under the … [Read more...] about Samsung mulls many major projects in Vietnam
Samsung chairman named as suspect in $7.5 million tax evasion case
SEOUL -- Samsung Electronics’ ailing chairman, Lee Kun-hee, was named by South Korean police on Thursday as a suspect in an 8.2 billion won ($7.5 million) tax evasion case that involved the use of bank accounts held by employees. A series of scandals have dogged the family of Samsung, the country’s biggest business empire. The chairman’s son Jay Y. Lee, heir to the Samsung Group, was released from detention earlier this week after an appeals court halved his sentence for bribery and corruption to 2-1/2 years and suspended it for four years. Following a heart attack in 2014, the elder Lee, 76, has remained hospitalized in Seoul’s Samsung Medical Centre and is difficult to communicate with having shown little sign of recovery. Until his imprisonment Jay Y. Lee had been regarded as the de facto head of the group. Police said elder Lee could not be questioned due to his physical condition and Samsung declined comment. “Samsung chairman Lee Kun-hee and a … [Read more...] about Samsung chairman named as suspect in $7.5 million tax evasion case
Meet the Saigon family who stockpiled secret arsenal for Tet Offensive
Tran Van Lai arrived home late one afternoon in January 1968, driving a van full of vegetables and flowers for the upcoming Lunar New Year (Tet). As his wife helped him unload the van, a cache of guns and mines was revealed at the bottom. “This is the last trip. I am just looking forward to the attacks,” Lai said as he opened the trapdoor in his living room, signaling for his wife to pass the weapons down to him. With Vietnam commemorating the 50th anniversary of the Tet Offensive, the surprise attacks that played an important role in ending the Vietnam War, Lai’s tunnels have been a popular attraction, drawing veterans and government leaders including Party leader Nguyen Phu Trong on Wednesday. The Tet Offensive was launched on January 30, the first day of Vietnam’s Lunar New Year in 1968. More than 80,000 soldiers from the north and the Vietnam National Liberation Front (NLF) launched surprise attacks on more than 100 cities and outposts throughout … [Read more...] about Meet the Saigon family who stockpiled secret arsenal for Tet Offensive
The largest and most established international HVACR exhibition in Vietnam Is Coming to Hanoi in April 2018
HVACR Vietnam, the only focused and most established annual international industrial exhibition in the country, is coming to Hanoi for the first time Its 12th edition will be held on April 18 – 20, 2018, at the National Exhibition Construction Center (NECC), Hanoi.Heating, Ventilation, Air Conditioning, Air Filtration & Purification, and Refrigeration technology and systems in the region. The exhibition is set against a backdrop of emerging industry trends not only in the country but globally, seeing a paradigm shift in HVACR technologies, where majority of the changes are aimed at energy efficiency and higher energy performance. Apart from bringing the industry together to address the requirements of the region’s demand amid emerging industry trends, HVACR Vietnam 2018 also allows industry experts to explore business opportunities, source for latest products and solutions, and network with other professionals in the field. Limited Exhibition Booths Left for … [Read more...] about The largest and most established international HVACR exhibition in Vietnam Is Coming to Hanoi in April 2018
Samsung forecasts record profits but misses expectations
Samsung Electronics expects to deliver record profits for the last three months of 2017, but the estimate missed analyst expectations.The world's biggest memory chip maker forecast operating earnings of 15.1 trillion won ($14.1bn; £10.4bn) - up 64% from a year earlier.But while chip prices boosted margins, a stronger won weighed on the figures.The record guidance comes despite a corruption scandal engulfing top leadership at the South Korean firm.The operating profit forecast is slightly below the 15.9 trillion won estimated by analysts surveyed by Reuters. Customers unfazedThe forecast keeps Samsung on track for record annual profits, in a year when prices for computer memory chips kept surging.But the 2018 outlook is less certain, with Samsung shares having fallen nearly 10% from their all-time high in November, as some investors bet on an end to the chip boom.Meanwhile, the market for smartphones and other mobile devices is facing increasing competition from Chinese rivals.As … [Read more...] about Samsung forecasts record profits but misses expectations
21 pictures are awarded the Vietnamese family photo prize
(Toquoc)- 21 pictures in the total of 1200 works participating in the competition “ Vietnamese family photo now and in the past with the cause of constructing and developing the country” awarded prize. In the morning of 12 October, the Department of Fine Arts and Photography (the MOCST) already held the prize for the competition “Vietnamese family photo now and in the past wit the cause of constructing and developing the country”. 21 in the total of 1207 works by 223 authors from 43 provinces nationwide participating in the competition are awarded prizes. The competition is launched at the end of June to August 2010. The Organization Board selected 200 excellent works to show off and select works the prize. The works participating in the competition all reflects the beautiful features of Vietnamese family with plentiful contents such as: family in production and labor, family in daily life, family with the festival, … [Read more...] about 21 pictures are awarded the Vietnamese family photo prize
50th anniversary of the population – family planning sector
(Cinet)- December 20, the General Population - Family Planning held a meeting on the 50th anniversary of the traditional day of the population - family planning sector and received First-class Independence Medal. State President Truong Tan Sang; former Deputy Prime Minister Nguyen Khanh;Minister of Ministry of Health Nguyen Thi Kim Tien and representatives of ministries, local authorities, international organizations attended. In her speech, Minister of Health Nguyen Thi Kim Tien said Vietnam is entering its gold phase of population and the country must take full advantage of this period to speed up its industrialization and modernization process. Over the past 50 years, the Population and Family Planning sector has helped reduce the child-bearing age from 6.3 to 2, raise longevity from 40 to 73, and reduce the population growth rate from 3.8 percent to 1.05 percent. The same day, State President Truong Tan Sang granted the sector an Independence Order, First … [Read more...] about 50th anniversary of the population – family planning sector