Hanoi (VNA) – Deputy Prime Minister Vuong DinhHue received General Director of Samsung Vietnam Shim Won-hwan in Hanoi onNovember 16, applauding the firm’s increase of locally made components in itsproducts.

Briefing his host about activities of theRepublic of Korea-invested Samsung Vietnam, Shim said the firm’s exports havereached 44 billion USD and is expected at 52 billion USD – 53 billion USD atthe end of 2017. About 160,000 people are directly working at Samsung factoriesin Vietnam, and the figure that includes indirect workers is up to 180,000,excluding employees of the company’s suppliers.

The number of Vietnamese businesses directlysupplying components for Samsung has risen from four in 2014 to 29 in 2017, andit targets this number at 50 by 2020.

Samsung has devised a detailed trainingprogramme to turn Vietnamese firms into its suppliers, he noted, elaboratingthat it has organised workshops and support industry exhibitions to seekvendors, sent Korean experts to give advice and help improve potentialbusinesses’ capacity.

The firm has also paid attention to personneltraining through providing training courses and sending skilled employees tothe RoK for further training, the executive noted.

[Samsungꦗ backs Vietnamese firms joining global supply chain]

Voicing his delight at Samsung’s development inVietnam, Deputy PM Hue said with its projects in Bac Ninh and Thai Nguyenprovinces and Ho Chi Minh City, Samsung has become the biggest FDI investor inVietnam with total registered investment capital of 17.3 billion USD. 

He highly valued Samsung Vietnam’s moves toincrease supplying companies, develop local support industry and raise the rateof locally made components.

He asked Samsung to implement the research anddevelopment centre project in Vietnam soon, adding that the VietnameseGovernment will actively support this project.

The Deputy PM also suggested Samsung, amulti-sectoral and multi-national group, to invest in other fields that it isstrong at such as energy, seaport infrastructure, science-technology, andhealth care.

Hue hoped that Samsung will be a role model ofsuccessful foreign investment in Vietnam and an example of connecting localenterprises with foreign investors, thus having positive influence on Vietnam’ssupport industry.-VNA