Samsung promises to develop support industries The South Korean electronics group Samsung has agreed to cooperate with the Ministry of Planning and Investment, Foreign Investment Agency and the ![]() “The cooperation model for Samsung and Vietnamese enterprises is being built up. If it succeeds, it will open a new way out for domestic support industries,” said Dr. Nguyen Mai, Chair of the Vietnam Association of Foreign Invested Enterprises (VAFIE) after hearing that Samsung has officially agreed on the cooperation program. However, despite the involvement of Samsung, experts are still doubtful about the feasibility of the cooperation program. Unlike textiles or garments, manufacturing smartphones is considered a “high technology industry”, which is so “mysterious” to Vietnamese enterprises that, as said by Mai, “no Vietnamese enterprise knows what a smartphone comprises”. Seven Vietnamese enterprises have joined Samsung’s production chain, but they only make packs and simple parts for smartphones. Therefore, no one can say for sure how far the cooperation program can go and if the cooperation model will succeed. For this reason, an official of the Ministry of Industry and Trade said that He said Vietnamese agencies and Samsung have agreed to a method under which Samsung would first speak out what it needs, and then According to the official, Vietnamese mechanical engineering and electronics enterprises have expressed their wishes to join the program and become links in Samsung’s production chain. The two sides have agreed that in the immediate time, workshops will be organized, in which Samsung’s specialists will make themselves clear about what Samsung requires and what Vietnamese enterprises should do to become its part suppliers. Samsung’s decision to locate in VN Samsung has eight operational factories in the world, including two in He said Samsung has three reasons to decide to increase its investments in “These are also the reasons for Samsung to decide not only to make smartphones, but also produce high-resolution super flat screens, build ships, develop thermal power plants and build the Long Thanh international airport,” Mai said. He emphasized that the cooperation program with Samsung is a golden opportunity for Dat Viet |
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