Minister rejects claim of Vietnam’s inability to make Samsung-standard parts

The Vietnamese Minister of Industry and Trade has dismissed recent press reports that no local part suppliers are able to make even the screws and bolts ordered by South Korean electronics giant Samsung to serve its production in the Southeast Asian country. Citizens Ask - Ministers Answer program on national TV channel VTV3. The question was from a business owner, whose firm is among 200 Vietnamese part suppliers unable to grab the Samsung order to supply screws and bolts to the electronics … [Read more...]

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Vietnam fails to cash in on components for big foreign manufacturers


A phone production line at Samsung's plant in Bac Ninh Province. Vietnam should focus on developing some supporting industries to help specific manufacturing sectors grow. FILE PHOTO … [Read more...]

Companies dispute low-productivity rate of Vietnamese workers


VietNamNet Bridge - Many Vietnamese refuse to believe that local workers' productivity is 1/15th that of Singaporeans, as reported recently by the International Labor Organization (ILO). The report showed that Vietnamese workers' productivity is the lowest in Asia Pacific, only equal to 1/5 of Malaysia's, 2/5 of Thailand's, and 1/15 of Singapore's. … [Read more...]

Cash-strapped businesses show no interest in preferential credit package


VietNamNet Bridge - The Vietnam Development Bank's preferential credit program offers loans to businesses investing in support industries, but it has yet to see one applicant. The government, in an effort to develop support industries, has offered many investment incentives and provided preferential loans to enterprises in the sector. … [Read more...]

Eight more enterprises receive customs preference


GDC Deputy Director General Hoang Viet Cuong hands over the priority enterprise certificate to Soc Trang Seafood Company. … [Read more...]

Vietnam part suppliers raise white flag even on simple hi-tech items: official

Samsung Vietnam

Despite given chances to join Samsung production in Vietnam, local part suppliers are not qualified to make even the simplest items of the 170 different types of parts for which the South Korean company is seeking suppliers, a Ministry of Industry and Trade official has admitted. has submitted a list of 170 different types of parts for its flagship Galaxy S4 smartphones and Galaxy Tab 7 tablets, which the company believed could be domestically manufactured, to the Ministry of Industry and … [Read more...]

Samsung Vietnam prioritizes local part suppliers, but few qualify: general director

Samsung is locating its most important production base in Vietnam, Shim Won Hwan, general director of the Samsung Vietnam complex based in the northern province of Bac Ninh, told

Samsung is willing to partner with local part suppliers but there are in fact few qualified businesses, the general director of the electronics titan's Vietnam complex has said. Tuoi Tre (Youth) newspaper in an interview published Thursday. … [Read more...]

VFF President visits Samsung Electronics Thai Nguyen

(VOV) - Vietnam Fatherland Front (VFF) Central Committee President Nguyen Thien Nhan on August 15 visited Samsung Electronics Vietnam Thai Nguyen (SEVT) in Thai Nguyen province to survey the company's operations. Nhan highlighted the achievements made by Samsung Vietnam and the group's factory in Thai Nguyen. He affirmed that the group's success was vivid proof of the solid strategic partnership between Vietnam and the Republic of Korea (RoK). The investment in the construction a modern … [Read more...]

Samsung Vina boosts home appliances business

Samsung promotion girls show off a food showcase refrigerator - Photo: Hung Le

Hung Le In the campaign, the firm introduced its flagship products like refrigerators, washing machines with smart wash, and air-conditioners with triangular design for more powerful cooling. Those hi-end products are imported from Samsung factories outside Vietnam, but in the near future they will be made at Samsung's plants in Vietnam. … [Read more...]

ICT M&As a growing trend


By Huu Tuan … [Read more...]