Samsung discusses plans with Vietnam’s Ministry of Industry and Trade to expand efforts to develop local suppliers

【Hanoi, Vietnam—Kim Jun-seok, correspondent】Samsung Electronics Vietnam Co., Ltd. met with the Department of Industry of Vietnam’s Ministry of Industry and Trade to discuss practical cooperation measures to boost local companies’ production capabilities and expand their opportunities to participate in global supply chains.
According to local media reports on the 13th, Sim Sang-yong, director in charge of partner support at Samsung Electronics Vietnam Co., Ltd., explained the results of the company’s programs to support local businesses and its varied efforts to expand the local parts supply-chain network at a meeting on the 8th in Hanoi with Tran Viet Hoa, director of the Department of Industry at Vietnam’s Ministry of Industry and Trade.
In particular, Sim said, “Samsung Electronics Vietnam Co., Ltd. is working closely with the development and purchasing departments at Samsung’s headquarters in Korea so that competitive companies in Vietnam can gradually enter Samsung’s global supply chain.” He added, “We are exploring various opportunities to broaden our engagement with capable local companies.”
He went on to stress, “Samsung Electronics Vietnam Co., Ltd. will continue to work closely with the Department of Industry to identify, select and support companies with potential.” He added that the company hoped the Department would recommend companies with the capabilities and demand, and that it would help them strengthen their production capabilities and gradually meet Samsung’s supplier standards.
In response, Hoa, director of the Department of Industry at Vietnam’s Ministry of Industry and Trade, praised the results of initiatives Samsung and the Ministry had pursued in cooperation to develop supporting industries, improve technology and train talent. Hoa said, “Going forward, training and consulting programs should be more closely aligned with the actual needs of the supply chain,” and stressed, “Support needs to be focused on promising companies with technological, quality and supply capabilities and a commitment to long-term development.”
Hoa also urged Samsung Electronics Vietnam Co., Ltd. to continue serving as a bridge to Samsung’s headquarters in Korea and to proactively share supplier selection criteria and demand information. The aim was to help local companies build practical and effective cooperative relationships.
Meanwhile, Samsung Electronics Vietnam Co., Ltd. has continued various support programs in partnership with Vietnam’s Ministry of Industry and Trade, including efforts to improve productivity at local supporting-industry companies, introduce automation, build smart factories and train skilled workers. From 2018 to 2024, it carried out programs such as training production innovation consultants, training mold technology workers and promoting smart factories, focusing on identifying and supporting potential suppliers and raising the localization rate of components. The two sides also plan to continue production modernization consulting and training in 2027, and to select promising Vietnamese companies and provide them with a step-by-step capacity-building roadmap to help them meet Samsung’s criteria for entering its supply chain. 
[email protected] Kim Jun-seok Reporter