Econ
Samsung to train 200 Vietnamese experts in supporting industry
Samsung Vietnam co-operated with the Ministry of Industry and Trade to organize at the opening ceremony of the training programme for Vietnamese consultants in the field of Manufacturing Innovation and Quality Improvement.
Deputy Prime Minister Trinh Dinh Dung made speech at the opening ceremony of the training programme for Vietnamese consultants
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The Deputy PM highly appreciated that the MoIT and Samsung Electronics Vietnam Company Ltd signed a Memorandum of Understanding on supporting the training of Vietnamese consultants in improving production and quality during the official visit of RoK President Moon Jae-in.
Deputy PM Dung suggested that the MoIT continues to support and create favourable conditions for enterprises to deploy training programme and activities to support enterprises in developing the supporting industry in the near future.
Vietnam's support industries remain underdeveloped in spite of Government directives, with only 27.8 per cent of industrial spare parts and accessories coming from domestic enterprises.
In contrast, domestic enterprises in Thailand provide 60 per cent of industrial parts and accessories while those in China provide 50 per cent.
Specifically, the added value was 35 to 40 per cent for garments and textiles, 30 per cent for footwear and 30 per cent for electronics. Foreign direct investment (FDI) enterprises manufactured most of these products.
Samsung to train 200 Vietnamese experts in supporting industry
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In recent years, a remarkable increase was seen in FDI to Vietnam's electronics industry from such countries as South Korea, Japan and Taiwan.
South Korean FDI enterprises, including Samsung subsidiaries like Samsung Electronics, Samsung Display and Samsung Electro-Mechanics, have made South Korea the biggest foreign investor in Vietnam's electronics industry, with total investment estimated to be more than $10 billion by year-end.
Shim Wonhwan, general director of the Samsung Complex, said the mother company's investment in Vietnam's electronics and support industries was around $8 billion.
However, support industries in the electronics sector remain relatively backward, although Vietnamese businesses have been able to provide printing and packaging products for Samsung.
"As a foreign enterprise in Vietnam, Samsung's objective is not only to develop an important manufacturing facility but also to contribute to Vietnam's economic growth," said Wonhwan.
"Vietnam's supporting industries are young but have huge hidden potential. We strongly believe that with the Vietnamese Government's practical policies and incentives, FDI enterprises and domestic suppliers will have much more opportunities to learn about each other, discuss and co-operate to promote supporting industries," he added.
Wonhwan also revealed that Samsung always sought and opened up lines of communication and co-operation with domestic suppliers who meet quality standards, ensure timely delivery of and offer reasonable prices for products. This is being done to increase the number of domestic suppliers to Samsung's supply chain and benefit both Samsung and Vietnam.
These companies are currently involved in the supply chain for Samsung Vietnam's factories, including Samsung Electronics Vietnam (SEV), Samsung Electronics Vietnam (SEVT), SEHC (Ho Chi Minh City) Samsung Display Vietnam (Bac Ninh), Samsung SDI Vietnam (Bac Ninh) and Samsung Electro-Mechanics Vietnam (Thai Nguyen).
