Vietnam ’s supporting industry is expected to develop as a number ofthe world leading groups are expanding their network of satelliteproducers in the Southeast Asian nation.
Samsung, the leadinghigh-tech group from the Republic of Korea (RoK) plans to expand anetwork of suppliers in Vietnam to 192, with half being localcompanies, to produce and supply parts for production in its newmanufacturing complex.
Based on the mobile manufacturing plantin Bac Ninh province, the Samsung Complex will be set up by 2015 with atotal investment capital of 1.5 billion USD. Once operational, thecomplex is expected to manufacture various high-tech products, such asvacuum cleaners, printers and cameras.
Earlier, Samsung set up anetwork of 42 satellite firms, operating in Hanoi city, Vinh Phuc,Bac Ninh, Bac Giang and Hung Yen provinces.
In addition toSamsung, other foreign high-tech groups like Intel and Compal areconsidering developing supply networks due to the poor supportingindustry in general and the high-tech area in particular in Vietnam.
Tooperate smoothly in Vietnam , Compal, from Taiwan , has attractedeight satellite firms in Vietnam ’s market and its 500 million USDlaptop manufacturing plant is scheduled to start operating in the firstquarter of this year.
Steven C. Megli, Vice President of the US’s Intel Corporation and General Manager of the Technology andManufacturing Group, said there have been many inquiries and offer sentto Intel from its large-scale accessories companies after it decided tobuild a factory to manufacture electronic chips in Ho Chi Minh City .
Matthias Duhn, EuroCham’s Executive Director, said thatforeign investors are looking at markets that meet their requirements toserve their production and businesses, including developing supportingindustry along with a low-cost workforce.
Vietnam may witness a reduction in FDI in the future if the situation is not improved quickly, he stressed.
NguyenVan Dao, Deputy General Director of Samsung Vina, said the Governmentneeds to introduce mechanisms and incentives for satellitemanufacturers. They are the ones who will have a longer term impact onVietnam ’s economy.
The Ministry of Industry and Trade hassubmitted to the Government a draft decree on incentives for supportingindustry, including those on infrastructure, taxes and human resourcestraining./.
Samsung, the leadinghigh-tech group from the Republic of Korea (RoK) plans to expand anetwork of suppliers in Vietnam to 192, with half being localcompanies, to produce and supply parts for production in its newmanufacturing complex.
Based on the mobile manufacturing plantin Bac Ninh province, the Samsung Complex will be set up by 2015 with atotal investment capital of 1.5 billion USD. Once operational, thecomplex is expected to manufacture various high-tech products, such asvacuum cleaners, printers and cameras.
Earlier, Samsung set up anetwork of 42 satellite firms, operating in Hanoi city, Vinh Phuc,Bac Ninh, Bac Giang and Hung Yen provinces.
In addition toSamsung, other foreign high-tech groups like Intel and Compal areconsidering developing supply networks due to the poor supportingindustry in general and the high-tech area in particular in Vietnam.
Tooperate smoothly in Vietnam , Compal, from Taiwan , has attractedeight satellite firms in Vietnam ’s market and its 500 million USDlaptop manufacturing plant is scheduled to start operating in the firstquarter of this year.
Steven C. Megli, Vice President of the US’s Intel Corporation and General Manager of the Technology andManufacturing Group, said there have been many inquiries and offer sentto Intel from its large-scale accessories companies after it decided tobuild a factory to manufacture electronic chips in Ho Chi Minh City .
Matthias Duhn, EuroCham’s Executive Director, said thatforeign investors are looking at markets that meet their requirements toserve their production and businesses, including developing supportingindustry along with a low-cost workforce.
Vietnam may witness a reduction in FDI in the future if the situation is not improved quickly, he stressed.
NguyenVan Dao, Deputy General Director of Samsung Vina, said the Governmentneeds to introduce mechanisms and incentives for satellitemanufacturers. They are the ones who will have a longer term impact onVietnam ’s economy.
The Ministry of Industry and Trade hassubmitted to the Government a draft decree on incentives for supportingindustry, including those on infrastructure, taxes and human resourcestraining./.
