The election of the Vietnam's top legislative body to the Executive Committee of the Asia-Pacific Parliamentary Forum (APPF) shows the high level of trust from parliament members in the country.

The Vietnamese Government sees Samsung as a successful investment model in Vietnam.

The latest move would bring the total capital commitment of the South Korean giant to $19.2 billion, reaffirming its status as the largest foreign investor in Vietnam.

The South Korean tech giant would support the training of 100 experts and assist 50 local companies in applying the model of the smart factory in Vietnam.

As of February, Vietnam disbursed around $2.7 billion in FDI, a sharp rise of 7% against the same period of last year.