Samsung General Director: “I appreciate the potential development of Vietnamese supporting enterprises”

VCN  - General Director of Samsung Electronics Vietnam Choi Joo-ho said “When visiting some enterprises, I highly appreciate the potential development of Vietnamese enterprises in supporting industries. Compared with global businesses, Vietnamese enterprises need to focus on improving quality and productivity.”
tin nhap 20190627140056 One more “VIP” is extended for applying the preferential regime by General Department of Vietnam Customs
tin nhap 20190627140056 Thanks to SamSung, Bac Ninh’s export turnover increased nearly US$ 2.5 billion
tin nhap 20190627140056 Samsung Vietnam: "Increasing the localization rate comes from the benefit of Samsung itself"
tin nhap 20190627140056
General Director Choi Joo Ho (middle) visits CNC Tech. Photo: Nguyen Thanh

Change completely

The management of Samsung Vietnam has just visited three enterprises in northern Vietnam – Hanoi CNC Technology Investment and Development Company Limited – CNC Tech, Viet Chuan Joint Stock Company and Thien My Vinh Phuc Company Limited – to evaluate the consultation results.

These enterprises all work in the field of plastic injection, moulding and plastic plating. After 3 months of consultation, the consultation program has brought positive results, helping businesses improve production and competitiveness.

Visiting CNC Tech, General Director of Samsung Electronics Vietnam Choi Joo Ho said: “I am very surprised at the changes of CNC Tech. Especially, from the director to employees are all determining to improve, to change and to acquire the instructions and advice of Samsung experts with a desire to achieve many positive changes. I appreciate the spirit of CNC Tech and believe that in the future, CNC Tech will become more and more important. Therefore, improvements need to be done more and more continuously.”

Referring to the capacity of Vietnamese enterprises in the supporting industry, Choi Joo Ho said: “When visiting some Vietnamese enterprises such as CNC Tech, I highly appreciate the potential development. If compared with global enterprises, Vietnamese enterprises need to focus on improving quality and productivity.”

About the improvement of the capacity of Vietnam’s supporting enterprises, Choi Joo Ho said that the first thing to mention is the 5S3D standards, complying with the basic principles in production; improving production stages, avoiding complicated and ineffective situations. "In my opinion, the most important is the spirit of improvement of the director, managers and all employees,” said Choi Joo Ho.

Continue to support Vietnamese businesses

Samsung has a total of 308 suppliers. The number of Vietnamese first-tier suppliers has increased from 4 in 2014 to 35 by the end of 2018. It is expected to rise to 50 by 2020.

These businesses are currently participating in supply chains for Samsung factories in Vietnam including: Samsung Electronics Vietnam (SEV), Samsung Electronics Vietnam Thai Nguyen (SEVT), SEHC Complex (Ho Chi Minh City) , Samsung Display Vietnam (Bac Ninh), Samsung SDI Vietnam (Bac Ninh) and Samsung Electro-Mechanics Vietnam (Thai Nguyen).

tin nhap 20190627140056
CNC Tech is trying to improve with the expectation of becoming a supplier for Samsung. Photo: Nguyen Thanh

Looking forward to becoming one of Samsung's suppliers, Mr. Nguyen Van Hung, CNC Tech's General Director, affirmed: "The company committed to make efforts and improve results. CNC Tech proposed Samsung to continue to advise, train and support, so that CNN Tech can become a subsidiary for Samsung. CNC Tech also asked the Ministry of Industry and Trade to continue to support and accompany CNC Tech to become a big enterprise in the supporting industry.”

Around this issue, representatives of the Department of Industry (Ministry of Industry and Trade) shared a feeling of surprise at the business improvement of Vietnamese enterprises under the support of Samsung; pledged to accompany Samsung as well as businesses in the process of developing Vietnamese supporting enterprises.

Choi Joo Ho said in order to support businesses, Samsung developed a business consultancy program. Up to now, 60 enterprises have participated in this program.

In addition, Samsung has been striving to accompany the Government of Vietnam to develop the supporting industry through such activities as: Organizing exhibitions and seminars on supporting industry in Vietnam to seek Vietnamese businesses that are capable of participating in Samsung's supply chain; Cooperative training program for 200 Vietnamese consultants in the field of production and quality improvement.

“In the future, we will expand the implementation of the program, with the hope that Vietnamese businesses will continuously improve to achieve global standards, contributing to the overall development of Vietnamese supporting industry,” said Choi Joo Ho.

By Thanh Nguyen/Kieu Oanh

Related News

Taking the initiative in the face of changes in the Chinese market

Taking the initiative in the face of changes in the Chinese market

VCN - Producing according to quality standards and transparent information helps Vietnamese agricultural products not fall into a passive position when China has changes in standards regarding imported goods.
Samsung continues its efforts for sustainable investment in Việt Nam

Samsung continues its efforts for sustainable investment in Việt Nam

In order to find and nurture successful human resources to ensure sustainable development in Việt Nam, Samsung Vietnam has annually organised recruitment on a large scale, with a frequency of at least twice a year since 2011.
Management level of Vietnamese enterprises still low: experts

Management level of Vietnamese enterprises still low: experts

The management level of large enterprises in Vietnam is still very low as compared to countries such as Singapore, Philippines, Malaysia, Indonesia, Thailand, according to experts.
Many opportunities for exporting to South Korea

Many opportunities for exporting to South Korea

VCN – South Korea is a large economic partner of Vietnam. It also is a potential export market for Vietnamese enterprises in many fields.

Latest News

Domestic retailers eye export-quality products

Domestic retailers eye export-quality products

Domestic retailers are increasing the distribution of export-quality products to cash in on the consumption trend towards green, environmentally friendly and safe products.
Textile and garment exports recovered positively

Textile and garment exports recovered positively

VCN - Vu Duc Giang, Chairman of Vietnam Textile & Apparel Association shared with Customs News about the production and export situation of Vietnam's textile and garment industry after many difficult periods.
Launch of FDI Annual Report 2023

Launch of FDI Annual Report 2023

VCN - In 2023, industrial parks and economic zones kept attracting foreign investors with 27.7 billion USD of FDI capital investment; the number of new investment projects, adjusted investment capital and implemented FDI capital all increased compared to the previous year.
Vietnam has opportunities to attract, develop the offshoring market

Vietnam has opportunities to attract, develop the offshoring market

Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.

More News

Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

More than 15 trillion VND (597 million USD) has been disbursed under a credit scheme to support Vietnamese agroforestry and aquatic sectors since July last year, heard participants at a recent conference to discuss measures on maintaining Vietnam's key agricultural exports.
Be proactive and flexible with production materials

Be proactive and flexible with production materials

VCN - Enterprises' production and export orders have gradually returned, leading to many recovery prospects. Therefore, the issue of raw materials for production continues to be a major concern to meet rules of origin requirements.
Cooperate to build leading and "rich in vitality" state-owned enterprises

Cooperate to build leading and "rich in vitality" state-owned enterprises

VCN - In Vietnam, the contribution ratio of state-owned enterprises (SOEs) to GDP is approximately 30% but their competitiveness is not commensurate with the resources they hold, and many SOEs operate ineffectively.
Garment & textile sector tries to keep growth momentum

Garment & textile sector tries to keep growth momentum

The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.
Businesses capitalize on recovery momentum to explore market expansion

Businesses capitalize on recovery momentum to explore market expansion

VCN - Since the start of the year, Vietnam’s exports have welcomed positive signals as orders from several key sectors have noticeably rebounded. Enterprises are capitalizing on the market recovery to bolster their export drive.
Access to the Chinese market is increasingly convenient

Access to the Chinese market is increasingly convenient

VCN - As Vice Chairman of the High Quality Vietnamese Goods Business Association, Mr. Nguyen Lam Vien (photo) is also Chairman of the Board of Directors of Vinamit Joint Stock Company - a very successful enterprise in the Chinese market, shared with Customs News many interesting information and advice for businesses to achieve success in this potential billion-people market.
China, US, Japan – largest importers of Vietnam’s fishery products in Q1

China, US, Japan – largest importers of Vietnam’s fishery products in Q1

China, the US and Japan were the three largest importers of Vietnam’s fishery products in the first quarter of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s agricultural products appeal to foreign customers

Vietnam’s agricultural products appeal to foreign customers

Vietnam's agricultural products were sold well in foreign markets in Q1, with a surge in both volume and prices documented.
Leverage to increase the scale of Vietnam - Laos trade turnover

Leverage to increase the scale of Vietnam - Laos trade turnover

VCN - From 2012 until now, trade turnover between the two countries has grown by 10-15%/year, but it has only reached US$1.65 billion which is not commensurate with the potential and special relationship between the two countries.
Read More

Your care

Latest Most read
Domestic retailers eye export-quality products

Domestic retailers eye export-quality products

Domestic retailers are increasing the distribution of export-quality products to cash in on the consumption trend towards green, environmentally friendly and safe products.
Textile and garment exports recovered positively

Textile and garment exports recovered positively

Vu Duc Giang, Chairman of Vietnam Textile & Apparel Association shared with Customs News about the production and export situation of Vietnam's textile and garment industry
Launch of FDI Annual Report 2023

Launch of FDI Annual Report 2023

In 2023, industrial parks and economic zones kept attracting foreign investors with 27.7 billion USD of FDI capital investment
Vietnam has opportunities to attract, develop the offshoring market

Vietnam has opportunities to attract, develop the offshoring market

Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

More than 15 trillion VND (597 million USD) has been disbursed under a credit scheme to support Vietnamese agroforestry and aquatic sectors since July last year, heard participants at a recent conference to discuss measures on maintaining Vietnam's key agricultural exports.
Mobile Version