Lee Sang Soo, president of Samsung HCM City CE Complex, paid a visit to a local supplier. Samsung plans to spend a fair amount of time interacting with and interviewing Vietnamese businesses wishing to integrate themselves into its supply chain. — VNS Photo

HCM CITY (Biz Hub) — Samsung Viet Nam Co Ltd on Thursday opened an exhibit at the Viet Nam Supporting Industry Expo 2016 (VSI 2016) held at Sai Gon Exhibition and Conference Centre.

The theme of the exhibit is "Connecting Vietnamese businesses to the global chain of supply." 

Following the supporting industry exhibition, which Samsung joint-hosted with the Ministry of Industry and Trade in June in Ha Noi for its third consecutive year since 2014, this is the first time Samsung has participated in an exhibit in HCM City.

Covering an area of 200sq.m – and having the largest of the 250 booths at the exhibition, Samsung's booth is divided into three main areas, including a display area for parts suppliers with an appearance from 8 first-grade suppliers, an area introducing three of its best suppliers and an area displaying Samsung HCM City CE Complex (SEHC) products, such as televisions, vacumm cleaners, washers and refridgerators.

Samsung Viet Nam hoped to contribute to the country's development of supporting industries, especially in the south of Việt Nam, where the electronics industry has been showing signs of strong growth.

Samsung plans to spend a fair amount of time interacting with and interviewing Vietnamese businesses wishing to integrate themselves into its supply chain. As planned, Samsung will invite some 200 Vietnamese businesses to the expo and expects to interview officials from some 70 businesses. Target businesses participating will be those primarily manufacturing electronics which meet its demands for the SEHC factory. This is an opportunity for businesses to directly share their needs, seek consultation, learn, and create opportunities for themselves.

Samsung will also invite 11 suppliers to visit the SEHC factory to exchange experience in production management and product quality between Samsung and their suppliers. This is a chance for Vietnamese enterprises to improve themselves in learning to meet the standards used in the global supply chain.

With the motto "Samsung Can Only Grow if the Suppliers Grow," Samsung will create an open field of competition for the suppliers, while providing them opportunities to enter Samsung's supply chain. Recently, with the rising competitiveness in supporting industry projects, which Samsung has been doing from September 2015 until today, nine of Viet Nam's supporting industry companies have received Samsung's assistance for 3 months in improving their production process, as well as learning about the standards of supplies for Samsung's factories in Viet Nam.

 "With hopes of long term sustainable growth in Viet Nam, Samsung is always co-operating with the Government in developing local supporting industries to ensure global market competitiveness through practical activities. We hope to continue creating more opportunities for businesses joining in Samsung's supply chain, ultimately helping us to raise our global competitiveness, as well as our long-term development in Viet Nam," said Lee Sang Soo, SEHC's president.

Currently, Vietnamese businesses joining Samsung's supply chain have tripled, compared to 2015. Similarly, Samsung went from having four tier 1 Vietnamese vendors to 12 currently. There are also 178 other Vietnamese enterprises acting as tier 2 vendors. Accordingly, there are now 190 Vietnamese enterprises participating in Samsung's supply chain. Specifically, Vietnamese enterprises in Samsung Electronics Viet Nam in the northern Thai Nguyen Province supply chain, which accounts for six tier 1 suppliers and 155 tier 2 suppliers. The corresponding numbers are six tier 1 suppliers and 23 tier 2 suppliers in SEHC.

Through the activities at this exhibition, Samsung will continue looking for suppliers to add to their supply chain. This effort is a testament to Samsung's hopes of developing, as well as maintaining long-term friendships and partnerships with Viet Nam. — VNS