KIMSEN targets deeper integration into global supply chain

10:04 | 04/11/2019 Companies

(VEN) - Vietnam Economic News’ Nguyen Huong spoke with Duong Duy Ngoc, Chairman and General Director of the KIMSEN Industrial Corporation, about the company’s targets and strategies.

kimsen targets deeper integration into global supply chain
Duong Duy Ngoc, Chairman and General Director of the KIMSEN Industrial Corporation

What is your assessment of Vietnam’s manufacturing industry?

I believe that the manufacturing industry in Vietnam has a great potential to become a large exporter of electrical machinery and equipment in the global supply chain. The Vietnamese government has pledged to support businesses by reducing business conditions and logistical costs, and attracting more foreign direct investment (FDI) in Vietnam.

Small and medium-sized enterprises (SMEs) in Vietnam and organizations are working closely to enhance production competitiveness by increasing productivity and innovation, as well as connect more domestic and foreign businesses. All of these factors are helping Vietnam participate more deeply in the world market.

What are KIMSEN’s targets and plans?

Established in 2013, the KIMSEN Industrial Corporation is a professional enterprise active in the field of manufacturing aluminum extrusion, components and modules in Vietnam according to international standards, meeting the market’s growing demand.

KIMSEN’s highlight product for Vietnam Manufacturing Expo 2019 (VME 2019) in August in Hanoi is Aluminum Heat Sink for various applications such as electrical, automotive, and electronic industries.

Both the Vietnamese government and SMEs in Vietnam aim to participate more actively in the global supply chain, and so does KIMSEN. Our development plan for 2020-2022 is to move to a higher position in the global value chain and strengthen the connection among our company and other domestic and foreign businesses. We plan to focus on manufacturing high quality end products that contribute higher value to the supply chain.

How does VME 2019 benefit KIMSEN?

As we know VME is one of the largest trade shows focusing on the manufacturing industry in ASEAN (the Association of Southeast Asian Nations). We believe that VME is one of the best venues to feature out latest product offerings and to expand our customer base. This is also a great opportunity to reaffirm our confidence among existing clients and to confirm that KIMSEN is a serious player in the supporting industry of Vietnam.

2019 is the second time KIMSEN joined VME as an exhibitor. Through VME 2018, we have established strong connections with many potential customers, some of whom have become important clients of KIMSEN. We see VME as a great opportunity to obtain feedback and opinions from customers, and continuously improve our product and service quality.

Nguyen Huong