At least 29 Vietnamese businesses have joined global supply chains, according to the HCM City Centre of Supporting Industry Development. Local businesses’ improved production quality has helped them gain contracts to become suppliers to major companies. - Photo www.sggp.org.vn Bac Viet Technology Joint-Stock Company, for example, has become a supplier of plastic electronic components and precision samples for Samsung Electronic Viet Nam and Samsung Electronics Viet Nam Thai Nguyen. The company has reduced its inventory ratio from 37 per cent to 24 per cent and has successfully built a system for recognising and repairing mistakes on the goods that it manufactures. After making improvements, the percentage of errors fell by 63 per cent. Shim Won Hwan, director of Samsung Electronic Viet Nam, said that Samsung expected to have 50 suppliers from Viet Nam by 2020. Samsung has been working with the Ministry of Industry and Trade on a business innovation programme that trains … [Read more...] about More Vietnam businesses join global supply chains
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More VN businesses join global supply chains
Local businesses’ improved production quality has helped them gain contracts to become suppliers to major companies. — Photo www.sggp.org.vn At least 29 Vietnamese businesses have joined global supply chains, according to the HCM City Centre of Supporting Industry Development. Bac Viet Technology Joint-Stock Company, for example, has become a supplier of plastic electronic components and precision samples for Samsung Electronic Viet Nam and Samsung Electronics Viet Nam Thai Nguyen. The company has reduced its inventory ratio from 37 per cent to 24 per cent and has successfully built a system for recognising and repairing mistakes on the goods that it manufactures. After making improvements, the percentage of errors fell by 63 per cent. Shim Won Hwan, director of Samsung Electronic Viet Nam, said that Samsung expected to have 50 suppliers from Viet Nam by 2020. Samsung has been working with the Ministry of Industry and Trade on a business innovation programme that trains … [Read more...] about More VN businesses join global supply chains
Vietnamese automobile manufacturers growing up to the task
The inauguration of the biggest and most modern automobile manufacturing factory in Southeast Asia and continuing a new investment cycle are the way of Vietnamese firms to dominate the “long race” of automobile industry. The grand opening of the Thaco Mazda plant in the presence of Prime Minister Nguyen Xuan Phuc and ministry and privincial leaders Truong Hai Auto JSC's (THACO)’s Thaco Mazda automobile manufacturing plant were inaugurated in Chu Lai, Quang Nam yesterday (March 25). The facility will be invested VND12 trillion ($528.6 million) to manufacture and assembly Mazda-brand automobiles with the capacity of 100,000 vehicles annually. After a year, the first phase of the project has been completed with half of the designed capacity of 200,000 units per year, and Thaco spent three years to research products and manufacturing process. Covering 30.3 hectares in Chu Lai Open Economic Zone, the plant is equipped with cutting-edge technology, meeting the … [Read more...] about Vietnamese automobile manufacturers growing up to the task
Gov’t chief commits to equal treatment for automobile manufacturers
19:15 | 25/03/2018 VGP – PM Nguyen Xuan Phuc has affirmed the Government commits to placing local and foreign automobile manufacturers on equal footing while attending the inaugural ceremony of Thaco-Mazda automobile manufacturing plant in Quang Nam province on Sunday. PM Nguyen Xuan Phuc (6th from left) cuts the ribbon to launch Thaco Mazda automobile manufacturing plant- the most modern and biggest one in ASEAN - at the Chu Lai Open Economic Zone in the central province of Quang Nam on March 25, 2018. Photo: VGP National Assembly Vice Chairman Uong Chu Luu, Special Adviser to the Japanese Cabinet Isao Iijima, and leaders of a number of ministries, agencies and localities also attended the event. The Government will have issue proper policies to ensure fairness between locally-manufactured and imported cars and protection of local manufacturers must be in line with Viet Nam’s international commitments, PM Phuc emphasized. Import … [Read more...] about Gov’t chief commits to equal treatment for automobile manufacturers
Nexen Tech builds first manufacturing facility in Vietnam
South Korea's Nexen Tech established a new facility to improve production capacity to meet customer demand and enhance its competitiveness through the systematic production of specialised parts for hybrid and electric vehicles. Nexen Tech and Hoang Dan join hands for the project A pioneer in automation, Nexen Tech Corporation Limited Company has realised its expansion strategy to Southeast Asia by developing a new facility in Gia Phu Industrial Complex (Ninh Binh) which is 140 kilometres from Haiphong Port. Nexen Tech signed a memorandum of understanding with Hoang Dan Investment and Construction Single Member Limited Company on land leasing for the construction project. The signing ceremony was attended by Nguyen Cao Son, director of the Ninh Binh Department of Planning and Investment, Lee Hyun Chul, vice chairman of Nexen Tech, and Nguyen Van Dan, director of Hoang Dan. The facility will focus on manufacturing wiring harness—the company's flagship product with a … [Read more...] about Nexen Tech builds first manufacturing facility in Vietnam