Minh Man Printing Co., Ltd. has joined the supply chain for Samsung Group through efforts to improve production processes. (Photo: SGGP)

Enterprises strengthen internal resources to welcome FDI wave

Many domestic enterprises participating in the Forum on Linkage and Investment Opportunities for Small and Medium-sized Enterprises, held by the US Agency for International Development (USAID), in association with the Department of Industry and Trade, and the Saigon High-Tech Park (SHTP) on December 9, affirmed that joining the global supply chain of supporting industry products is not difficult. The remaining problem is weak internal resources, so they cannot supply any high value-added product.
Electronic component production at MTEX Company (Japan) in HCMC. (Photo: SGGP)

FDI enterprises expand their supply chains in Vietnam

The risk of a new outbreak of Covid-19 in Europe and the US has been raising concerns that supply chains of raw materials for production will break again. Therefore, foreign direct investment (FDI) enterprises that manufacture end products in Vietnam have been accelerating their capacity to expand domestic supply chains.
Representative of the Management Board of Saigon High-Tech Park signs a cooperation agreement with the Management Board of export processing zones, industrial parks, and key economic zones in the South. (Photo: VNA)

HCMC expands supply chain for FDI enterprises

The Management Board of the Saigon High-Tech Park, on October 28, collaborated with the Department of Industry and Trade of Ho Chi Minh City to organize the signing ceremony of a regional association agreement on the development of a network of supporting industry products with Long An, Binh Duong, Dong Nai, and Ba Ria - Vung Tau provinces.
Businesses are to take prompt actions to procure material supplies

Businesses to consider solutions for supply chain

As air and road supply of raw material from China is cut off due to the rampaging nCoV virus, most Vietnam-based companies have to rethink their strategy in face of the impending hindered factory operation.
   Producing high quality plastic to provide supporting products for local and foreign firms. (Photo: SGGP)

Vietnam short of supporting enterprises

Although participating in global value chain will help businesses increase their values, approach global market and get high profits, only 20 percent of Vietnamese enterprises are able to join in the global value chain.