Samsung elevates 29 Vietnamese vendors to tier-1 supply chain

November 30, 2017 | 16:39

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Samsung completed the consultation programme for 12 enterprises in 2017 and has achieved the target of 29 Vietnamese businesses becoming Tier-1 vendors by the end of the year.

Samsung's experts visiting Manutronic Vietnam JSC

During the two days of November 29-30, 2017, the Board of Directors of Samsung Vietnam paid a visit, worked, and surveyed six businesses, including three in the north and three in the south, which have joined the consultation programme for vendors under the guidance of Samsung South Korea’s experts.

The list of these vendors consists of Manutronics Vietnam JSC (Bac Ninh), Tien Thanh JSC (Bac Ninh), Bac Viet Technology JSC (Bac Ninh), Nhat Minh Company (Binh Duong), Minh Man Manufacturing Trading & Printing Labels Co., Ltd. (Ho Chi Minh City), and Vinavit Corp. (Ho Chi Minh City).

South Korean experts have spent two weeks surveying and evaluating each enterprise, and then directly consulted and worked with the Vietnamese vendors in the next 10 weeks in order to improve manufacturing procedures and satisfy Samsung’s standards in supplying products and accessories for the corporation’s plants in Vietnam.

With great efforts to seek and connect Vietnamese vendors, the number of Samsung’s tier-1 Vietnamese vendors has increased dramatically from four businesses in 2014 to 29 at the moment.

Working towards the target of having 50 Tier-1 vendors by 2020, while creating support for the development of the Vietnamese supporting industries, Samsung has collaborated with the Ministry of Industry and Trade (MoIT) to expand the business consultation programme by establishing an advisory board in order to build and implement the programme on a larger scale.

According to Shim Won Hwan, president of Samsung Electronics Vietnam Complex, “The business consultation programme, which has been carried out by Samsung since 2015, has helped 26 Vietnamese enterprises attain many achievements in the process of business reforms and enhance competitiveness. We believe that this consultation model, with the co-operation from MoIT, will create a widespread effect. This is the motivation for us to persevere in our efforts to accompany the development of the Vietnamese supporting industries.”