Over 60 Vietnamese firms supply components to Samsung

The number of Vietnamese firms joining the production chain of Samsung has increased sharply in recent years. Currently, 11 local businesses are Samsung’s direct suppliers or vendors level 1 and 52 others are of level 2.

On May 19, Samsung Vietnam made a survey of Ngoc Khanh Wire and Cable Company and Goldsun Packaging & Printing JSC to assess their supply capacity.

It is part of a Samsung program to help Vietnamese businesses improve their supply capacity. Accordingly, Samsung’s technical consultants have come and stayed in Vietnam in 3 months to help the two companies improve their production process and complete supply standards and procedures.

Up to now, Samsung has been the biggest foreign investor in Vietnam with two plants in Bac Ninh (Samsung Electronics Vietnam) and Thai Nguyen (Samsung Electronics Vietnam Thai Nguyen), which supply 33% of its total mobile phones globally.

Samsung Electronics Ho Chi Minh City Complex (SEHC), put into operation in the second quarter of this year, is expected to develop Vietnam into a key TV and electronics producer globally and open more opportunities for Vietnamese businesses to join Samsung supply chain.