Construction of a Major R&D Center on the Banks of West Lake in Hanoi: Vietnam's Capital Replicates a Model Similar to China's Beijing
In 2020, Samsung (Vietnam) officially announced that it will begin construction of a new research and development center in the area west of West Lake, Hanoi, Vietnam. This research center is likely to be the largest in Southeast Asia.
In recent years, Vietnam has developed rapidly, essentially copying China's industrialization path. In the next stage, Vietnam is facing similar upgrading processes as China. The capital of Vietnam may follow a similar pattern to Beijing, China, as a hub for high-end industries. For the Socialist Republic of Vietnam, the high-low industrial model is also very similar to China.
Below is a map of Hanoi's West Lake area, Vietnam.
The area of West Lake in Hanoi is similar to a district in China. You can see that West Lake in Hanoi is quite large, it's like a pair of Hangzhou's West Lake.
Below is a photo of West Lake in Vietnam.
West Lake is a beautiful and scenic place in Hanoi's capital city, and it's rare to find such a place in the center of China's capital, Beijing.
On the banks of West Lake in Vietnam, there is also a famous Temple of the Nation, with Chinese banners and couplets.
According to Samsung (Vietnam)'s plan, the investment in the new research and development center is approximately $220 million, with a floor area of about 80,000 square meters: six floors above ground and three floors below ground. The research and development center will increase the number of personnel to 3,000.
Currently, Samsung has built a vast production base in Vietnam, and some Chinese Samsung production capacity has been migrated to Vietnam.
From the perspective, Vietnam will not only be Samsung's largest production base, but also a strategically important research and development center. Setting up a research and development center in Hanoi, Vietnam, can also attract talent from across Vietnam—this is also the way Beijing built a science and innovation center.
Vietnam is preparing to conduct the fourth industrial revolution, and Samsung's research and development center is a good opportunity for Vietnam: Vietnam's industry will eventually upgrade, and its development model is still very similar to China, and some places can develop faster than China.
The Hanoi Samsung research and development center represents a necessary path for developing countries: Vietnam's industry will eventually upgrade, including industry and manufacturing, and also high-level research and development.
Vietnam is already implementing a high-low industrial model similar to China, Vietnam's rise through manufacturing and the 'world factory', then develop more advanced R&D centers, two places are using the advantages of Vietnamese people.
In the future, cultural and human strengths will be the biggest competitiveness. This is why Vietnam can replicate China's rise and potentially shorten the time of its rise.
