Samsung summarizes project supporting Vietnamese businesses in Bac Ninh

Thursday, 27/06/2024 16:15
Samsung Vietnam in coordination with the Ministry of Industry and Trade and Bac Ninh province on June 26 organized a conference to review the implementation of the memorandum of understanding on the project to support Vietnamese businesses in the northern province.

Signed in September 2020, the MoU aims to increase the annual contribution ratio of Vietnamese enterprises operating in Bac Ninh to the industrial production value generated by Samsung through implementing advisory and supplier development programmes.

The Ministry of Industry and Trade and Samsung signed the agreement to support businesses in Bac Ninh. (Photo:

Since 2022, the smart factory development program has been conducted at 12 businesses in Bac Ninh. After the improvement, most participating businesses moved from level 1 to level 2 or level 3 (in Samsung's 5-level smart factory scale).

Samsung also strives to implement a supplier development program in Bac Ninh. To date, there have been 39 Vietnamese businesses, including level 1 suppliers, level 2 suppliers, and consumable material service suppliers in Bac Ninh participating in Samsung’s supply chain.

Mr. Kim Tea Hoon spoke at the event. (Photo:

Speaking at the event, Mr. Kim Tea Hoon, Deputy General Director in charge of Samsung Vietnam Purchasing Center, emphasized that with the business philosophy of "Co-Prosperity", Samsung Vietnam commits to continuously transferring experience to help businesses in Bac Ninh have competitive capacity that meets global standards.

Also at the event, Samsung Vietnam continued to launch a cooperation program to develop smart factories in 2024 for businesses in Bac Ninh. The program is implemented until August 9, 2024, at five enterprises in the province.

Deputy Chairman of the provincial People's Committee of Bac Ninh provinc, Dao Quang Kha, said cooperation programs have proven effective, helping enterprises in Bac Ninh and domestic firms in general increase development opportunities and integrate deeper into global supply chains, thus promoting socio-economic development./.