Samsung Electronics plans to build a new Research & Development (R&D) centre in Vietnam in a bid to cater to the whole Southeast Asia region.
The South Korean electronics company has reportedly signed a deal with Posts and Telecommunications Institute of Technology (PTIT) to boost support in the R&D talent development stream and mutual project implementation.
As per the deal, Samsung will award $1.4m worth scholarships to 60 PTIT students from the mobile phone software branch by 2016, in addition to donating a lab completely furnished with about 40 desktop computers, smart devices, and a huge projector screen, thekoreabizwire reported.
As part of the deal, the company will offer support of up to 50% of tuition fees for all non-scholarship students within the branch, in addition to offering job opportunities to a few high-performing students.
Prior to the latest deal, Samsung also collaborated with the Hanoi University of Science and Technology to offer $2.5m in research grants and scholarships.
In addition, Samsung intends to invest $1bn in Vietnam for the development of a new Samsung Display project near its Bac Ninh operational facility in the northern province.
Currently, Samsung operates mobile phone assembly facilities in northern Vietnam.
Established in 1957, BCS, The Chartered Institute for IT, promotes wider social and economic progress through the advancement of information...