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Global tech giants drawn to Vietnam’s big push to become advanced manufacturing hub

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Jamille Tran

Published Wed, Jun 28, 2023 · 05:00 AM
    • Last December, Samsung inaugurated a US$220 million R&D centre in Hanoi, its largest in South-east Asia. Nearly all of the 2,000 staff at the 16-storey facility are local tech talent who graduated from Vietnam’s top universities.
    • Last December, Samsung inaugurated a US$220 million R&D centre in Hanoi, its largest in South-east Asia. Nearly all of the 2,000 staff at the 16-storey facility are local tech talent who graduated from Vietnam’s top universities. PHOTO: REUTERS

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    [HO CHI MINH CITY] For decades, Vietnam has been the home of low-cost manufacturing facilities and cheap labour. In recent years, however, the government and the private sector have made a big push to bring in the best talent in an ongoing effort to become a regional technology manufacturing hub.

    This has attracted the attention of numerous global tech giants, many of whom have beefed up their investments in Vietnam’s high-tech sectors.

    Last December, Samsung inaugurated a US$220 million research and development (R&D) centre in the capital Hanoi, its largest in South-east Asia. Nearly all of the 2,000 staff at the 16-storey facility are local tech talent who graduated from the country’s top universities.

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