Sunday, October 21 2018

VietNamNews

City authorities want local firms in global supply chains

Update: September, 22/2018 - 09:00
City authorities want local firms in global supply chains. -- sggp.vn
Viet Nam News

HCM CITY – Only 15 per cent of around 8,000 manufacturing companies in HCM City are capable of joining global supply chains but authorities are trying to increase the number.

“The status of HCM City manufacturing enterprises in global supply chains is also low, mostly third or fourth level providers,” Nguyễn Phương Đông, director of the city’s Industry and Trade Department said.

However, some of them are good enough to supply companies like Samsung, Sanyo, Toyota, Honda, and Intel.

For instance, Minh Nguyên Ltd Company and Lập Phúc Ltd Company supply many items to Colgate and Thuân Việt Ltd company manufactures parts for Japanese motorcycle producers.

“Diversifying supply sources will help companies reduce risks related to production,” Hoàng Thọ Vương, director of the HCM City Support Industry Development Centre, was quoted as saying by Sài Gòn Giải Phóng (Liberated Sài Gòn) newspaper.

In December the centre, in co-operation with the Korean Association of Machinery Industry and HCM City Association of Mechanical – Electrical Enterprises (HAMEE), will organise the International Exhibition on Industrial Machinery and Equipment in Việt Nam with 350 companies from South Korea, Japan, Taiwan, and Europe taking part.

The event will focus on industrial and supporting industry products, the city’s key industrial products and its supporting industries’ specialties.

“There will be around 200 kiosks displaying accessories and equipment for supporting industries made by local enterprises,” Vương said.

Đỗ Phước Tống, chairman of HAMEE, said: “Through the exhibition, accessories and equipment made by local enterprises will be introduced to major foreign manufacturers.”

He warned that to become a high-level supplier of global enterprises, local enterprises must meet all international quality and price requirements. -- VNS

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