HCM City to help firms join Samsung’s global supply chain

Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan shakes hands with Samsung Vietnam General Director Shim Won Hwan  (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City
is ready to work with Samsung in boosting local enterprises’ capacity in
support industry, helping them qualify for the Korean group’s global supply
chain, said Secretary of the municipal Party Committee Nguyen Thien Nhan.

He made the remark while receiving Samsung
Vietnam General Director Shim Won Hwan on June 29.

The official commended the company’s
significant contributions to Vietnam’s export value.

[Samsung contributes 22.7 percent to Vietnam’s exports]

He said the company has responded well to
Vietnamese leaders’ request on increasing the localization rate in its
products, thus creating opportunities for local small- and medium-sized firms
to produce spare parts and components for Samsung.

Nhan asked Samsung Vietnam to continue
working with Vietnamese universities and public agencies in the implementation
of various education and construction projects.

On behalf of his company’s executive board,
Shim Won Hwan thanked the Vietnamese Government for its assistance, which
helped Samsung Vietnam grow substantially and contribute to Vietnam – Republic
of Korea ties.

The director underscored the firm’s
intention to expand investment in HCM City and help local enterprises improve
management skills and technical competency.

He said Samsung Vietnam wants to see more
local companies join its supply chain, which will lead to higher localization rate
in the company’s products.

Shim Won Hwan pledged to connect with
Vietnamese students by holding tours for students to visit Samsung’s factories
and research centres, while working to boost capacity of Vietnamese workers at
Samsung Vietnam.-VNA 

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