Korean firm Doosan Heavy Industries Viet Nam (Doosan Vina) has inked Memorandums of Understanding (MoUs) with 11 local suppliers to establish Doosan Vina’s Supplier Association with the aim of sharing international expertise and networking with Vietnamese companies.
Local car maker Truong Hai Automobile company (Thaco) has increased the proportion of components it sources from local suppliers in order to reduce sale prices and improve competitiveness, as tariffs on cars have fallen to zero throughout the ASEAN region.
A lack of competitive local suppliers causes foreign firms to look elsewhere for companies that can provide consistent and timely inputs needed to finalise production, a senior economist at the World Bank said yesterday at the AmCham Supplier Day 2018...
