Samsung's R&D center currently employs 2,400 engineers, with Vietnamese engineers playing a crucial role in researching AI features for the new Galaxy S24 phone series.

The move is aimed at attracting foreign capital from future investors and protecting existing businesses.

Vietnam's commitment to net-zero greenhouse gas emissions at COP26 is also aligned with the A.P. Moller Maersk Group's development of green fleets and green ports.

South Korea is the leading investor in Vietnam with a cumulative total of $86 billion.

Both sides would continue to accelerate the process of negotiating and concluding the Vietnam-MERCOSUR Free Trade Agreement.