Samsung is about to start the construction of a new Research & Development center in Vietnam. The new facility will be in Hanoi and will cost the company $300 million.
The Vietnamese government has agreed to give Samsung the land to build its R&D center without having to pay rent for the next 50 years.
The company is forced to make the investment in a new facility due to restricted space in the one already in operation in Hanoi. The new center will join the ones in the Bac Ninh and Thai Nguyen provinces.