MoIT, Samsung cooperate in consultants training

08:33 | 24/05/2019 Cooperation

(VEN) - A training program jointly held by Samsung Vietnam and the Ministry of Industry and Trade (MoIT) is turning out consultants for manufacturing improvement projects by Vietnamese businesses.

moit samsung cooperate in consultants training
Samsung has a large demand for support industry products

At the program opening ceremony on April 16 in Ho Chi Minh City, Deputy Minister of Industry and Trade Do Thang Hai said the 2019 training program for Vietnamese consultants in quality and manufacturing improvement is among the framework of practical activities for the Vietnamese business community.

Samsung Vietnam General Director Choi Joo Ho said the 2019 training program is comprised of four courses, with each running for 13 weeks. Hanoi and Ho Chi Minh City will host two courses each. The program hosted an estimated 100 trainees this year, raising the total number of trainees in 2018-2019 to around 200.

The program organizers will select and send the best trainees, around 30 percent or 60 trainees of the total, to the Republic of Korea (RoK) for an advanced program for training in quality management and overall consultancy organization and planning for enterprises at Samsung’s factories and small and medium-sized enterprises in the RoK. These trainees will become trainers for future courses, Choi Joo Ho said.

Deputy Minister Do Thang Hai said Vietnam-RoK relations have been developing comprehensively in many fields since bilateral diplomatic relations were established in 1992. Bilateral trade hit US$65.7 billion in 2018, including US$18.2 billion worth of Vietnam’s exports (up 22.9 percent from 2017) and US$47.5 billion worth of the RoK’s exports, Hai said. Bilateral trade has been growing well particularly since the Vietnam-Korea Free Trade Agreement (VKFTA) was signed, he said.

Vietnam has received generous support from the RoK’s government and economic corporations in the industrial sector. Samsung Vietnam’s training program, for example, helped increase the number of Vietnamese suppliers participating in global supply chains.

In Ho Chi Minh City, enterprises participating in the program for stimulating investment in supporting industries in 2018-2020 can lend up to VND200 billion per project at a preferential interest rate for seven years to develop new workspaces and production technology. The city has so far assisted more than 30 enterprises to participate in the program, received 16 project files and verified nine projects with a total investment of more than VND943 billion, two of which have been approved with total capital of almost VND222 billion.

Apart from accompanying the Government of Vietnam in developing support industries, Samsung has continuously

improved local content by seeking and connecting with Vietnamese suppliers.

Vinh Phuong