Sourcing in VN
News & Events
Contact us
News & Events
Press & Release
  Viet Nam to select quality foreign investment
Viet Nam is earmarking environmentally friendly, high tech investment to best serve the sustainable growth of the...
  PM orders faster disbursement of public funds
Prime Minister Nguyen Xuan Phuc on Friday asked the Finance Ministry (MoF) to work closely with the Ministry of...

Samsung backs Vietnamese firms joining global supply chain
02/10/2017 06:21 pm

A team of experts from Samsung will support three Vietnamese firms to improve their competitiveness and capability to join the global supply chains.

Accordingly, Minh Man Printing Trading Production, Nhat Minh Design Manufacture and Vinavit will be provided with the necessary training documents and free consulting services from the South Korean group.

Vietnamese companies often lack the capability to forecast the market, leading to low sales and slow-moving inventory, so there should be improvements in the inventory management, Chairman of Samsung Electronics Viet Nam Kim Dohyung said.

At the same time, these firms need to improve their quality control management and productivity, he added.

Minh Man Printing Trading Production is weak in planning; therefore, it needs to be assisted in setting the standards in the planning process, from receiving orders to designing plans for production, Kim suggested.

He also elaborated on the problems faced by Nhat Minh Design Manufacture. The firm needs detailed plans for each stage of production and should apply key performance indicators (KPIs) to measure the performances of the stages, he said.

Samsung is committed to providing the best support for the companies, but they should also play a more active role in innovating production to enhance competitiveness and participate in the global supply chain, the chairman said. — VNS

« Back hits: 1129
.:: Other news
Savills: More investment opportunities in VN
VN leads Asia Pacific in female managers’ ratio
Market sees potential growth: brokerage
Vietnam PM pledges stronger support for business development
GE Aviation eyes Vietnam as global supply chain link
Singaporean investment in Vietnam up 157% in 2013
Sun Wah says will diversify property investments
Japan adding cash to tourism, retail in Vietnam
US firms scope TPP benefits
New investment waves waiting for opportunities to enter into Vietnam