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Samsung & MoIT hold workshop and exhibition on support industries

Released at: 18:14, 27/07/2017

Samsung & MoIT hold workshop and exhibition on support industries

Photo: Samsung Electronics Vietnam

Fourth holding to assist suppliers to Samsung and to boost Vietnam's support industry in general.

by Ngoc Lan

Samsung Electronics Vietnam, in association with the Ministry of Industry and Trade (MoIT), held a workshop and exhibition on support industries for the fourth time on July 26, entitled “Samsung Sourcing Fair 2017”, at Samsung Bac Ninh.

The event was attended by representatives from MoIT, the Ministry of Planning and Investment, and Departments of Industry and Trade in the provinces of Bac Ninh and Thai Nguyen, along with the Vietnam Association of Supporting Industries and the Vietnam Association of Foreign Invested Enterprises.

The Samsung Sourcing Fair 2017 saw exhibitions from 26 enterprises, which are expected to act as core agents to trigger the general development of support industries in Vietnam.

Among the 26, there were 15 new enterprises with major potential, as nominated by ministries and enterprise associations, which presented good signs in the primary survey conducted by the Samsung Purchasing team.

The event will also connect five outstanding tier 2 enterprises with more tier 1 enterprises and Samsung factories in Vietnam.

It also created opportunities for six enterprises to showcase their performance after finishing the three-month consultation program with experts from Samsung in South Korea, which reforms their production procedures and completes all standards in the supply process for Samsung factories in Vietnam. Further consultation will also be provided.

The cooperation between Samsung, ministries, and enterprise associations brought practical solutions and direct benefits, helping local businesses seize opportunities to join Samsung’s global supply chain.

Mr. Shim Won Hwan, President of Samsung Vietnam, said that the exhibition on support industries is the first official link between Samsung and Vietnamese enterprises in a series of activities assisting support enterprises. “Enthusiastic participation along with great determination of potential businesses in this fourth event has given us impetus to continue implementing practical activities to help them improve their productions and enhance their competitiveness,” he added. “They will play very important roles as core agents to expand the general development of support industries in Vietnam.”

Held since 2014, this annual event aims to search for and connect domestic component suppliers with Samsung and discusses solutions to enhancing the competitive capacity of hi-tech suppliers and the development of Vietnam’s component manufacturing industry.

After all the effort to seek and connect with Vietnamese vendors, the number of Vietnamese enterprises joining Samsung’s supply chain has increased dramatically, with the total of 215 enterprises including 25 tier-1 vendors and 190 tier-2 vendors.

These enterprises are currently involved in supply chain for Samsung’s factories in Vietnam, including Samsung Electronics Vietnam (SEV), Samsung Electronics Vietnam Thai Nguyen (SEVT), the SEHC Complex (Ho Chi Minh City), Samsung Display Vietnam (Bac Ninh), Samsung SDI Vietnam (Bac Ninh), and Samsung Electro-Mechanics Vietnam (Thai Nguyen). It is expected that the number of Samsung’s tier-1 vendors will increase to 29 this year.

SEV and SEVT have also recorded significant breakthroughs in raising localization ratios, from 35 per cent in 2014 to 57 per cent at present.

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