|Deputy Minister of Industry and Trade Do Thang Hai speaks at the event (Photo: VNA)
The project comes following the signing of an agreement between the MoIT and Samsung Vietnam in line with the framework of the ninth meeting of the Vietnam-the Republic of Korea Joint Committee which took place on October 22, 2019.
Addressing the ceremony, a MoIT representative underscored the importance of training experts, especially as molding is considered a core industry that can greatly contribute to the country’s industrial manufacturing.
As part of the project, Samsung will support Vietnam by training 200 technicians in the molding field to enhance production capacity for the country’s fundamental manufacturing industries. The first training course started in Hanoi on July 13 with the participation of 27 students.
Deputy Minister of Industry and Trade Do Thang Hai pointed out the country’s molding and precision engineering industries have captured the attention of many domestic and foreign enterprises, with the industry earning over US$1 billion in value annually and posting an annual growth rate of 18%.
The project is therefore of great significance for the development of the Vietnamese mold industry and will ultimately help domestic enterprises boost their capacity to participate within the global supply chain, said Hai.
For his part, Choi Joo-ho, General Director of Samsung Vietnam, expressed his pleasure at witnessing the nation’s shift to focus on the molding field, hoping following the conclusion of the training programme, Vietnamese firms will be able to participate in Samsung’s supply chains and become a supplier to other global businesses.
The training scheme for Vietnamese molding experts will take place between 2020 and 2023 in both Vietnam and the Republic of Korea.