MoIT, Samsung undertake support industry training

The program is designed to enhance the competitiveness of Vietnamese support-industry companies and enable their deeper involvement in global supply chains.

The objective of the 2018-2019 program is to train 200 consultants according to a process developed by Samsung, which includes the following steps: - Assessing companies’ operations and business results; - Providing consultancy for production innovation, quality management and circulation of products by maintaining a good working environment and improving productivity.

This program is expected to contribute to boosting economic and investment cooperation between Vietnam and the Republic of Korea (RoK). It reflects the desire of Samsung, one of the most successful RoK businesses in Vietnam, to contribute more effectively to the development of Vietnamese support industries.

At a recent ceremony held by the MoIT to launch the program, Deputy Prime Minister Trinh Dinh Dung affirmed that improving the qualifications of consultants is one of the most important factors in enhancing the competitiveness of Vietnamese businesses and facilitating their deeper involvement in global value chains, especially those of multinational groups.

“On behalf of the government and the prime minister, I highly appreciate the cooperation between the MoIT and Samsung Vietnam in training Vietnamese consultants in improving production and quality,” Deputy Prime Minister Dung said.

The deputy prime minister urged the MoIT and Samsung Vietnam to ensure the highest effectiveness of their cooperation program. He said the MoIT should continue providing support for training courses and help develop support industries. Meanwhile, Samsung will continue assisting training activities and transfer technologies to help Vietnamese support industry companies become material and spare parts suppliers for the group.

Minister of Industry and Trade Tran Tuan Anh expects this cooperation model to contribute to promoting the sustainable growth of Vietnamese industries. He believes the cooperation program “will enable Vietnamese business access to international standards, increase the number of Vietnamese tier-1 suppliers and promote their sustainable cooperation with Samsung and other groups worldwide.”

According to Samsung Vietnam General Director Shim Won Hwan, the group has been present in Vietnam for 10 years and wishes to contribute further to the Vietnamese economy. Samsung has not only invested in manufacturing facilities to generate jobs for local workers and paid taxes to Vietnam’s state budget, contributing to the country’s export growth, but it has also provided training to improve the capabilities of Vietnamese companies.

Shim Won Hwan said Samsung expects to have 50 tier-1 suppliers by 2020. He emphasized that training is the shortest way to achieving rapid growth of the support industry sector. Through the program, Samsung’s experts will provide consultancy and share knowhow to help Vietnamese businesses speedily join value chains of the group and other global companies, he added.