HCM City is ready to work with Samsung to boost the capacity of local enterprises in support industry, said Nguyen Thien Nhan, secretary of the municipal Party Committee.

It will help them qualify for the South Korean group’s global supply chain.

He made the remark while receiving Samsung Viet Nam’s General Director Shim Won Hwan on Thursday.

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

He said the company had responded well to the requests made by Vietnamese leaders asking it to increase the localisation 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 Viet Nam to continue working with Vietnamese universities and public agencies for the implementation of various educational and construction projects.

On behalf of his company’s executive board, Shim Won Hwan thanked the Vietnamese Government for its assistance, which helped Samsung Viet Nam grow substantially and contribute to boosting the ties between Viet Nam and South Korea.

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 Viet Nam wanted to see more local companies join its supply chain, which would lead to higher localisation 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 the capacity of Vietnamese workers at Samsung Viet Nam. — VNS