Vietnam PM approves $300 million R&D investment by Samsung Electronics

Vietnam's prime minister has approved a $300-million research and development project in Hanoi by Samsung Electronics Vietnam, a local unit of a South Korean giant that is the communist country's single biggest investor. The project would operate for 50 years, rent-free, Vietnam's government reported on its news website on Wednesday. Samsung secured government approval late last year to raise its investment in another electronics facility to $2 billion.